Goldman Sachs having currency trade problems...back to 2009 lows...

Because the Government would secretly bail them out. You and I wouldn't hear a word of it.

Quote from sirmagic:

Over the last 10 or so years look at all that has happened and ask yourself if this truely unimaginable. There were similar situations at LTCM, AIG, Lehman, Bear Stearns, etc. Why couldnt it happen at Goldman Sachs?
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So, GS pops on worse-than-expected earnings. Well, it's my understanding, "their fourth quarter will rock. It's their best quarter."
We shall see.
 
with all due respect... that will never happen (March lows) and to say so is irresponsible in that it's no different than saying "we might have a blizzard again in Chicago this winter or we may not." What about posting something constructive - and realistic about the downside. Further a time-frame on this opinion would show some credibility. Anyone can guess or make some macro argument. I have heard that for 25 years. I'm sure "they" were saying the same stuff - when AAPL was 300 etc. etc.

GS will see 125 easy.

That said I have been playing it short and long for past 3-4 weeks; right now I am biased to the long side for a 'trade.'.

Thanks
 
Quote from TradinMadMan:

So, GS pops on worse-than-expected earnings. Well, it's my understanding, "their fourth quarter will rock. It's their best quarter."
We shall see.
More...

Bad news, good action. Might wanna look into that.
 
Quote from mikeenday:

great!
wish GS goes below $40 a piece before July expiration.
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By the way, congratulations to you. You called it exactly right months ago!

Well done!
 
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