I prefer to focus on things like WLI Growth Eases to 36-Week Low, however, this Friday ...
Securities and Exchange Commission of the U.S. decided to go against the Gods of Wall Street, whereby the Commission (SEC) alleges against the Goldman, Sachs & Co.
Hmmm, it looks like the SEC has the case where Goldman lost its orientation?
Picture courtesy of bild.de.
Here are diverse links in random order to paint the picture:
Goldman’s Abacus lies
Goldman Defends Against SEC Charges
SEC Sues Goldman for Fraud
Blast from the Goldman Testimony Past: CDOs and Bad Brakes
Vampire squid alert: Goldman is clearly being singled out
Goldman Sachs Presents “The Producers” (Abacus 2007)
Goldman on Trial
Goldman Default Risk
Paulson: We Didn’t Pick RMBS in Goldman Abacus Trades
$1 Billion Turns Into $14.5 Billion
and the link to FT Alphaville Linkfest SEC/Goldman linkfest
I am not so sure, but it smells Crumbling resistance to financial reform
Well, Felix is parsing the new Goldman statement, and FT Alphaville says: ‘Goldman Sachs is disappointed…’
I have been wrong often, and may be again, but it does not feel to me me we have done the bull run yet. Rather a prelude? Markets need a pause ... but for long? I would not chase the bid on Monday, if we move decisively below the today's lows.