My very personal Goldman Sachs sell program
- Thread starter ASusilovic
- Start date
I watched the CNBC interview. My God, she was near to say nothing !
I heard so many "BUT, BUT, BUT". I couldn' t count anymore !
What more does the Fed and the administration have to do to convince you stragglers that they are serious about backstopping pretty much all significant risk for the forseeable future? It make perfect sense for GS to do that and now that the fear of armageddon is officially off the table money is going to come flooding back in to debt that is not consumer related. Any one see what JNK did today?
Funny you mention junk, the way they are priced right now the US government will have to backstop most bankrupt non-investment grade corporate firm to this thing to be a good value. Where in the stimulus package is that bailout?it doesnt have, tarp is not doing it(unless its a big bank) and the Fed CP program is only for A1 P1 F1(highly rated).
Yes fundamentals do matter and junk bonds are going to fall hard even if only after another 5% leg up from here
LOL !!!!
I am willing to wager my own personal bet with you: That you kissed and licked every single hole GS has and got rejected. Or maybe you got fired?
In any event you exhibit the perfect profile of someone who has a personal axe to grind with GS, not just what you read in the news or picked up from someone else.
I recommend you wipe your stinky and bloody nose and move on kissing others' asses instead of keeping up with your crusade.
In any event you exhibit the perfect profile of someone who has a personal axe to grind with GS, not just what you read in the news or picked up from someone else.
I recommend you wipe your stinky and bloody nose and move on kissing others' asses instead of keeping up with your crusade.
Do you have any doubt that the administration will do what it takes to backstop the corporate junk market? Why else is all the money coming back in and rates remaining so low? It is because Geithner has made it very clear that they will do what they need to to backstop any credit market that matters. Look at CRE, it should have plummeted already given the fundamentals and the decimation of prices and rent pressures but even though it has not quite happened yet given the poor start that the PPIP has had and the complexity of the CRE deals billions have come in to that credit market. The people committing those funds are convinced that they will be made whole and the market will not be allowed to default and implode en masse. As long as that faith remains this market is not going anywhere south.