I have a theory that Goldman Sachs manipulated the markets on April 27, 2010. My theory is based on observing the ES S&P Mini Futures and the court hearing against Goldman Sachs. As a disclaimer, this is just a theory and not based on concrete evidence nor facts.
First, Goldman Sachs employs the brightest and most intelligent people of the world. Most of their employees come from Ivy Leagues and include a vast network of contacts, including both politicians and corporate professionals.
Second, Goldman Sachs had weeks in advance notice that the court hearing for SECâs claim of fraud would be today. In addition, Goldman Sachs handed all their emails to the SEC for review. Thus, being the smart people they are, Iâm sure they reviewed all the evidence that could be brought up against them and practiced their case just like how any defendant would before his/her case.
However, during the hearing, the ES S&P Mini Futures began tanking as soon as [GS Person X] began fumbling and could not answer the questions [Politician X] had asked. [Politician X] had cited emails that [GS Person X] could not recollect. [GS Person X] may have been avoiding the question strategically. However, it does not make sense for [GS Person X] to fumble in the manner he had. His act appeared scripted in a way to convince viewers that Goldman Sachs was losing the case. This fumble caused the market to tank ...
http://www.goldmansucs.com/2010/04/27/how-goldman-sachs-may-have-manipulated-the-markets-today/
First, Goldman Sachs employs the brightest and most intelligent people of the world. Most of their employees come from Ivy Leagues and include a vast network of contacts, including both politicians and corporate professionals.
Second, Goldman Sachs had weeks in advance notice that the court hearing for SECâs claim of fraud would be today. In addition, Goldman Sachs handed all their emails to the SEC for review. Thus, being the smart people they are, Iâm sure they reviewed all the evidence that could be brought up against them and practiced their case just like how any defendant would before his/her case.
However, during the hearing, the ES S&P Mini Futures began tanking as soon as [GS Person X] began fumbling and could not answer the questions [Politician X] had asked. [Politician X] had cited emails that [GS Person X] could not recollect. [GS Person X] may have been avoiding the question strategically. However, it does not make sense for [GS Person X] to fumble in the manner he had. His act appeared scripted in a way to convince viewers that Goldman Sachs was losing the case. This fumble caused the market to tank ...
http://www.goldmansucs.com/2010/04/27/how-goldman-sachs-may-have-manipulated-the-markets-today/