Here is the latest conversation… new insights for anyone who invests in anything. Is the bull market over?
What of you think of the Rolling Stones Article Below? Comments are not only welcome, they are encouraged….
(Listen to Episode #26 below or on iTunes or Zune)
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July 4th UPDATE:
Article from Rolling Stone: CLICK HERE
Video from BNN: CLICK HERE
Felix Salmon Comments: CLICK HERE
Goldman Replies to ZeroHedge : Click HERE
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Podcast: Play in new window | Download (Duration: 58:19 — 40.0MB)
Tags: DH, DH-Unplugged, PODCASTS
[...] to http://www.dhunplugged.com to see the Rolling Stone Article on Goldman Sachs where the author calls Goldman: “A Giant [...]
Sounds like one should just buy GS and leverage like there is no tomorrow
Anyone have a link to the Dvorak’s article that says the U.S. taxpayer pays 55% or more of their income in taxes?
Unfortunately I havent read that article. I just can’t bring myself to read it via Scribd, the quality is horrible, and its just awkward to read in. I’ll try to find a copy of the magazine sometime this week.
I’m interested in reading the 55% tax article also
That article was amazing! Hanging is too good for those guys. All I can say is God help us!
You really should listen to the 2nd part of this podcast with Catherine Austin Fitts ( http://bit.ly/RxAa6 ). She spells out exactly what’s going on here with regards to GS, the Washington corruptocrats, and the military mafia.
The Rolling Stone article seems to be gone. Any other sources for it?
Thankfully, rolling stone put the article online. here’s the link:
http://digg.com/d1vYpi
This is a video that follows up on a story in Rolling Stone magazine asserts that Goldman Sachs has engineered every major market manipulation since the Great Depression, and that they are about to do it again. BNN interviews Matt Taibbi, contributing editor from Rolling Stone Magazine, and the author of this much talked about article.
http://watch.bnn.ca/the-close/july-2009/the-close-july-2-2009/#clip189690
From Reuters: Goldman Sachs’ trading software is in the wild
http://blogs.reuters.com/commentaries/2009/07/05/a-goldman-trading-scandal/
I’d love to hear Horowitz mention this on the next episode.
According to the NYSE’s program trading report:
http://www.nyse.com/pdfs/PT06.15.09.pdf
Program (or quant) trading accounted for 40.4% of all NYSE trading volume during the week of 6/15 – 6/19. Goldman’s program accounted for the more of this than any other firm, almost 1.2 billion shares, or 20.6% of all program trades. Ostensibly, this guy made off with the algos responsible for (.206 * .404 =) 8.3% of all NYSE trades. It’s quite possible this is the world’s most valuable source code. There are lots of people claiming that the code is useless without their infrastructure, but knowing exactly how GS makes their trading decisions allows anyone who holds the information to engage in front-running, or set traps for them by pushing stock prices one way or the other in order to trigger their system to buy or sell.
Even stranger, the report for the following week:
http://www.nyse.com/pdfs/PT06.22-06.26.pdf
shows an incredible increase in quant trading share, making up 48.6% of all NYSE trades, but Goldman isn’t even on the list (after leading it the previous week). NYSE claims this is an error:
http://zerohedge.blogspot.com/2009/07/new-york-stock-exchang...
Surprisingly, GS is up 2% on the day.
http://www.google.com/finance?q=GS
Something majorly fishy is going on.
[...] had the opportunity to listen in to my thoughts on the Goldman article from Rolling Stone, click HERE. July 6 (Bloomberg) — Goldman Sachs Group Inc. may lose its investment in a proprietary [...]
[...] DH Unplugged Dvorak and Horowitz Unplugged Podcast « DHUnplugged: Market Finally Ready to Tank? [...]
[...] an update on the Goldman Sachs saga from last episode and new information about the stolen proprietary trading [...]
when only one will do…..
if you to only enjoy one post today read this one….