Goldman News Tanks Markets

Author:
Publish date:

A Goldman source tell us: “This will shake the market to the core. Here comes the double dip,” Dow is already down over 100 points and Goldman shares are off 12 percent. “They’ve charged a know-nothing VP, but this goes all the way to the top and they know it.”

Related

Goldman Faces Suit Over Timberwolf Deal

Now, Goldman Sachs may have to deal with another lawsuit from a bunch of blokes at an Australian hedge fund. Goldman has been tussling behind the scenes with lawyers from the firm, called the Basis Yield Alpha Fund, over a $100 million slice of the Goldman-sponsored Timberwolf CDO that the Aussies bought right before the shit hit the fan.

Goldman Traders Never Had a Down Day

Goldman Sachs just revealed in an SEC filing that its traders made money on every single trading day last quarter, a record for the firm. Net revenue for trading was $25 million or higher in all of the first quarter’s 63 trading days with 35 of those days bringing in more $100 million, according to the filing.

Goldman Sachs Still Bullish, Despite Recent Plunge

Big hedge fund managers my be taking risk off the table, but Goldman Sachs remains bullish on the broader market and notes the recent pullback is totally consistent with a recovery. From the firm’s latest Kickstart report: