Greetings fellow heretics
I have just finished reading a very interesting article from one of my favourite sites, Zero Hedge(www.zerohedge.com), about Goldman Sach's trading positions. Attached above from that article is a very interesting look at the largest negative exposures Goldman Sachs has on its trading books. Essentially Goldman Sachs stands to make money if the prices of the above securities go down.
The blood sucking vampire squids of the financial system generally have a good idea as to where the markets are heading. Even when they are wrong however they can still rely on the good grace of the US Treasury & Federal Reserve to bail them out as was the case in the disgraceful way the AIG bailout was handled.
The blood sucking vampire squids of the financial system generally have a good idea as to where the markets are heading. Even when they are wrong however they can still rely on the good grace of the US Treasury & Federal Reserve to bail them out as was the case in the disgraceful way the AIG bailout was handled.
Those who read my previous blog on my views on the US Dollar (those who haven't can find out more here) will take some confidence in the knowledge that Goldman Sachs may be putting their money where my mouth is! Observant readers will notice that Goldman Sachs has a rather significant net short exposure to CurrencyShares Euro Trust. This is essentially a short Euro/Long Dollar trade.
One could do a lot worse than to follow those that do "God's work".
Good luck with your trading!
The Financial Markets Heretic
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