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?
- 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?
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 firstname.lastname@example.org.
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