Thursday, July 01, 2010

The Two Faces Of Goldman Sachs

What a great coup for ZeroHedge.. And it shows just how "two-faced" a Big Wall Street firm is when it comes to providing one set of strategies for their "special clients", which is directly opposite of what one of the Vice Presidents, and Top "Analysts" tells the retail customer on CNBS or some other media outlet:

GS Trading Report

Notice the "distribution" list?

Not for distribution to retail investors

But apparently THIS is for distribution to the "retail" J6P investor:

Abby Cohen: Here to pump (and dump) you up..

We think the recovery here in the United States is quite solid. It will not be as fast as we have seen in previous recoveries from recession, when our GDP had grown 8%, but we think we have very solid growth of about 3%, which is dramatically faster than we are seeing in many of the other developed economies.

WHO THE HELL IS "WE"??? The clients (hedge funds, and big money, and maybe even Uncle Sam) who have hired GS to sell their stock positions to a bunch of gullible retail investors, most of whom can't even pay their mortgages and credit cards off, let alone be sure they will have a job in a year.

It's certainly NOT the GS Trading affiliates.

Those guys are seeing the VERY SAME thing I've been discussing for the past month here.

And don't EVEN get me started about Goldman's complicity in the Real Estate Bubble and it's eventual demise, or their role with Credit Default Swaps. And now they want to get those Carbon Credit markets rolling so they can put the screws to America just a bit more.

Scrutinizer

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