The graphic below pretty much sums up Goldman's most recent quarter...
unmitigated disaster, and worse than practically everybody on the
Street anticipated, save that brash-ass blogging dude brandishing those
old fashioned analytical weapons of choice... Two months or so ago
(Monday, 22 August 2011), I penned the public blog post that also
relased my most recent research on Goldman Sachs -
The Squid Is A Federally (Tax Payer) Insured Hedge Fund Paying Fat
Bonuses That Can't Trade In Volatile Markets? Who's Gonna Tell The
Shareholders and Tax Payer??? - as excerpted:
below demonstrates how the volatility of the revenues from the trading
and principal investments trickles down into volatility of the total
revenues and profits of Goldman Sachs. I don’t call Goldman the world’s
most expensive federally insured hedge fund for nothing!
for those who haven't been following my Squid Hunting series, there's a
lot more to come from those boys at 200 West Street. If you want to
know what will happen next, just look at the first few pages of the
lastest Goldman subscription docs (click here to subscribe):
After all, eventually someone must query, So, When Does 3+5=4? When You Aggregate A Bunch Of Risky Banks & Then Pretend That You Didn't?
Hunting the Squid, Part2: Since When Is Enough Derivative Exposure To Blow Up The World Something To Be Ignored?
next post should also include research on the next bank that we have
found that has been (again) overlooked by the market, the media and the
sell side. Can we expect the same that we saw in BNP, Bear, Lehman,
etc.? Well, paying subscribers shall find out forthwith.
I can be reached via the following channels, or directly via email:
will be releasing the date (probably this week), location and time of
the NYC meet and greet within the next 24 hours or so, so we can chat,
drink, debate, argue and fraternize with pretty woman together in a
trendy spot in the Meat Packing District or the Bowery (I apologize in
advance to all of my female readers/subscribers). Those who are
interested in attending should email customer support.
There has been strong interest in the London meeting, enough to warrant
the venue - I simply need to get the travel and venue organized due to a
change of plans.