Goldman Sachs Scandal Sending The Markets Down?
In case you live on a different planet, this is the collection of articles and blog posts on the biggest story this year: SEC/Goldman linkfest by FT Alphaville.
If you look at the media, they love it and they have incorporated all the bailout injustice into the story. Dylan Ratigan show:
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What will be the market impact? I could be that we have a genuine downside catalyst here. I will certainly look for a short position with a close stop loss in the S&P 500.
The John Paulson implications in this case could also offer some interesting trading ideas, as his star reputation will be tainted. The trade idea would be to be on the other sides of Paulson & Co. trades. Most notable candidates which come to my mind would be short gold, short AngloGold Ashanti (AU), short NovaGold Resources (NG), short Kinross Gold (KGC).
AngloGold Ashanti (AU), Goldman Sachs, Kinross Gold (KGC), NovaGold Resources (NG), S&P 500