GOLDMAN’S LIES OF OMISSION
28 October 2009 by Cullen Roche
2 Comments
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Comments
I found the following in the Internet – GS like Galleon, bad sign but you make the call.
“Tomorrow, GDP numbers are set to be released. Conveniently, Goldman Sachs has reduced their outlook from 3% GDP to 2.7% . Why do those guys always seem to know things before the rest of us? Are they that much smarter? No. They simply have more government connections than anyone else, capitalizing first on information that should be obvious to all by now, that they get first from within. Think of them as Galleon getting tips from every which way one could imagine. The Bloomberg consensus number is 3.2%. You get any number in that range and, well, you should all know the drill by now.”
I found another line in the internet, interesting – appears a lot of people do not like GS. Why should they?
“The irony today was the GDP number that was obviously lowered purposely and publicly yesterday by Goldman Sachs in the middle of the day. Today the report was much better then the Goldman Sachs forecast of 2.7%. This was very similar to what the government did with the bank stress tests. At that time they leaked out a much worst number and all the important banks beat their so called whisper number by a mile and caused a big rally in the financials. It is almost comical at the manipulation that is going on in this market.”