Did Goldman "short" Japan.....

Discussion in 'Stock Market' started by Dot Com, Mar 13, 2011.

  1. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    .....like they did the Gulf?

    Bad news from all angles to greet Wall Street - Business - Stocks & economy - msnbc.com
    Andy Borowitz: Goldman Sachs Reveals it Shorted Gulf of Mexico
    I wouldn't put it beneath them. Aint laissez- faire capitalism grand?
     
  2. skeptic
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    skeptic BANNED

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    BOJ just injected $146 billion into circulation to bolster their markets against this kind of short.

    They shorted the PIIGS big time, they actually tried to drive them into default so banks like JPM and GS could profit from their credit default. They were hysterically trying to drum up rumors of the imminence of the PIIGS defaulting in a domino series and they failed.

    I think cannibal capitalism is the new normal.

    PIIGS: they are what's for dinner.
     
  3. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    Japan needed a break before this happened. They've been in perpetual recession since the early 90's. My heart goes out to them. I used to live there too.
     
  4. waltky
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    waltky Wise ol' monkey Supporting Member

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    Nikkei tumbles at opening...
    :confused:
    Tokyo stocks in slide
    March 13, 2011 -- The leading Japanese stock index recovered a little after dropping nearly 6% early Monday, the first full day of trading following last week's earthquake, but remained sharply lower.
    See also:

    Bank of Japan to pump cash into banks
    March 13, 2011 -- Japanese officials said Sunday they will backstop the country's financial system when markets reopen after Friday's devastating earthquake and tsunami.
     
  5. konkon
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    konkon Member

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    The world's money markets are unrelenting. A future profit downgrade can justify anything these days.
     
  6. westwall
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    westwall USMB Mod Staff Member Gold Supporting Member Supporting Member

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    Just another example of what an evil corporation Goldman Sachs is. I would love to see the bastards in charge of that company in prison.
     
  7. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    Good responses. They are basically Las Vegas East. They may add SOME value to the U.S. but betting against us & our allies isn't one of them.
     
  8. waltky
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    waltky Wise ol' monkey Supporting Member

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    Quake's effect on global economy...
    :confused:
    Will global economy be hit by Japan?
    March 14, 2011 -- Japan is at serious risk of falling into a recession due to Friday's tragic earthquake and tsunami, according to many leading economists. But Japan could recover quickly, sparing the global economy a significant shock.
    See also:

    Aftershocks shake Japan's auto industry
    March 14, 2011 -- With its sprawling, sometimes tangled array of parts suppliers, assembly plants, logistics networks, and dealers, the auto industry is perhaps uniquely vulnerable to disasters, natural and otherwise.
    Related:

    Japan nuclear fears lift solar stocks
    March 14, 2011 -- It seems callous to try and look for investing opportunities in the wake of a disaster as colossal as the earthquake and tsunami in Japan.
     
  9. Dot Com
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    Dot Com Nullius in verba Supporting Member

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    They were the 2nd or the 3rd largest economy depending where China fits in there.
     
  10. skeptic
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    skeptic BANNED

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    I was reading today that uranium took a nose dive in the market and electrical utility stocks plunged 14%.
     

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