All the talk about Goldman shorting this or that security was really hard to watch...because market masters always short...
Short and Long are two sides of the same coin ...and they are absolutely necessary ...especially for a market maker...
So discount all the grand standing about the shorts...that is a bullshit argument for mom and pop investors...who are always long...and think "it always goes up"...
That said the hearing today was an insight into how a market master really thinks...
They think from the short side...!!
Sophisticated investors know that the market is suckers game...and is not designed to "make money" for the little guy...
In fact just the opposite is true...
In fact just the opposite is true...
I have a hunch that the Goldman hearings...and all this bullshit...is setting up an end of an era...very soon.
And it will be come from outside the US....
Perhaps from lowly Greece... Remember ...the greatest depressions always start in small places... And there are things in play now that make this the final daze...the zero rates for example...
Perhaps from lowly Greece... Remember ...the greatest depressions always start in small places... And there are things in play now that make this the final daze...the zero rates for example...
The end usually comes out of the blue...from obscure German bank...as in the 19th Century...
But...Hey...a nation like Greece will do...!
But a sovereign bankruptcy would give us just the kind of depression that we richly deserve ...
At the end of this---- GREAT BUBBLE ERA---which is how historians will see it...
These are historic times...
And lucky you... you got to see it close up...!
Stay tuned...more to come...
At the end of this---- GREAT BUBBLE ERA---which is how historians will see it...
These are historic times...
And lucky you... you got to see it close up...!
Stay tuned...more to come...