GS tanked yesterday and I preceded to immediately short the market. I believe, currently, it is a microcosm of the market...we need it to go up.
Currently, lemetropole is terming it Goldman "Enron" Sachs, and until proven otherwise it is. Also, if one studies what occurred during the Enron fiasco, the onus was more on the bankers than the executives at Enron in the leverage and false accounting. Because the bankers knew what was going on but were making so much money they didn't care.
And I think these bankers are getting their comeuppance for making a public mockery of financial responsibility.
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