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Answers: Goldman Sachs Sold to You?


The financial giant sets the tone for Turnaround Tuesday.

  • So, Goldman executives sold $700,000,000 worth of stock during the period when they received $10 billion in TARP money?

  • Seriously?

  • Seriously?

  • I'm all for compensating financial professionals-we need to incent people if there is to be a capital market construct for our kids-but shouldn't that have been regulated when the bill was being footed by the taxpayers?

  • So the U.S Justice Department is investigating the CDS market?

  • Nothing like proactive policy, eh?

  • I'm a size buyer of "truth" and "trust." Anyone know the symbols for those?

  • Is the fact that folks are wading back into seemingly safe market waters a recipe for a boating accident?

  • What if it ain't no boating accident?

  • Entering this morning's Goldman Sachs (GS) earnings, did you know that option volatility was pricing in a 5% move either way?

  • In other words, anything other than a gap below $142ish or above $157ish-which isn't gonna happen-will squash option premium into palpable pain for those who used outright options as directional bets?

  • If that's you, can that mistake please morph into a lesson?

  • Would now be a good time to again offer that earnings are rear-view and balance sheets are forward-looking?

  • And review the potential playbook for the banks we've been musing the last week?

  • Is GS $151ish too tight of a risk leash for those with bearish bent?

  • How about Amazon (AMZN) $85 for those similarly suited?

  • Or the multitude of levels in Research in Motion (RIMM), where I continue to trade around the short side?

  • Riddle me this-if you issue a market moving opinion to private clients and then go on television a few hours later to broadcast your views, is there anything wrong with your clients selling into that post-media price appreciation?

  • I understand that through a legal lens, all market research must be public information upon release. As John Q. Public isn't in the select circles that receive that early wink, do moral obligations arise?

  • Or are we back to the days of skirting the letter of the law as long as those letters include "P's" and "L's"?

  • Societal acrimony? What societal acrimony?

  • Maybe something, maybe nothing-maybe a pterodactyl-but did anyone else notice that the master beta complex-Amazon, Apple (AAPL), Research in Motion, Google (GOOG) and Baidu (BIDU)-were flat to downish in the face of higher pre-market futures?

  • We can learn a lot just by watching, right?

  • Which is also why we should spy yesterday's laggy sag in Hewlett-Packard (HPQ), Visa (V) and Sears (SHLD)?

  • What does FINRA have to say about the state of Municipal Bonds?

  • "Shouldn't Jeff 'Coops DeVille' Cooper's morning missive be required reading as we 'see both sides.' Particularly since he paints a picture that could seriously slam stocks?"

  • As we're all about giving back in the 'Ville, can I please draw your attention to dear friends of mine who are humbly requesting modest support for their insanely cool son Michael?

  • Are you squeezing the handlebars super tight and stressing over every tick, or keeping a loose grip, enjoying the ride and letting the market work for you?

  • Hey TD-AmeriMinyans, can you please sum up your Minyanville experience in one sentence or less and shoot it to my inbox?

  • How would YOU sum up Minyanville in three minutes or less?

  • Do you have any idea how many things I can do in three minutes?

  • Are you ready for Memoirs of a Minyan Chapter Six: Trading Places, which will be unleashed tomorrow (or tonight, for those on the Minyanville Underground Railroad)?

  • Tell the truth: Are you enjoying your journey?


Positions in RIMM, AMZN, GS

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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