Comments on: Media Appearance: Morning Meeting

By: crack

crack — Wed, 15 Jul 2009 12:35:37 +0000

Can I find a transcript of the interview on Morning Meeting anywhere? I tried the msnbc site and couldn’t find it.

By: philipat

philipat — Wed, 15 Jul 2009 03:20:14 +0000

Hope the bonus pool is accruing a credit for future bonus payments in return for services currentlly being rendered by certain future Goldman employees.

By: tradeking13

tradeking13 — Tue, 14 Jul 2009 21:19:03 +0000

Not that I’m a Goldman supporter but…

from:
http://www.thestreet.com/p/_search/rmoney/marketcommentary/10484539.html

“You have seen the roughly $13 billion Goldman received from AIG. Bucket one was return of collateral for return of cash lent. Bucket two was collateral posted based on market values. Bucket three was a transaction that unwound trades — at a cost to both parties. Two of the buckets were unwinds of trades where bonds were exchanged for cash, and the third was posting of collateral that may very well be returned, depending on the future course of asset performance. “

By: leftback

leftback — Tue, 14 Jul 2009 16:10:37 +0000

LB thinks that the Euro has just a little room overhead into resistance (half a cent). Not a lot.

By: cvienne

cvienne — Tue, 14 Jul 2009 15:45:17 +0000

@LB

Actually lefty, isn’t the dollar kind of holding on a DOUBLE fibonacci line…

1. a .618 retrace from the June 15 high back to the June 2nd low.
2. a smaller .618 retrace from the 7/8 high back to the 7/2 low.

Both of those lines are coincident of where the dollar is holding now by my view…

By: manhattanguy

manhattanguy — Tue, 14 Jul 2009 15:45:03 +0000

Love the exuberance in the market. Found a great opportunity to short some $COF. Sold remaining $FAS and $FUQI for a nice profit. Still holding long Oil.

By: leftback

leftback — Tue, 14 Jul 2009 15:31:55 +0000

Welcome to another edition of Misdirection Tuesday. With the selling in Treasuries, I am sure SPX will end higher. The dollar isn’t doing much but has some room to explore to the downside, so oil and gold may bounce off the lows.

By: hopeImwrong

hopeImwrong — Tue, 14 Jul 2009 15:09:51 +0000

Just got my first experience of a post being lost. Maybe it will show up later. It had my current thoughts on gold.

By: hopeImwrong

hopeImwrong — Tue, 14 Jul 2009 15:05:36 +0000

Cvienne – yes. It’s the path to get there which is not known (at least to me). I expect many twists and turns, but predicting them is almost impossible.

For gold bulls, I would say that, unfortunately, the gold market is suffering a fate similar to the stock market. It’s more and more a paper market based on the casino mentality and the greater fool theory. It is more an more subject to “potential manipulation” due to the paper nature of the market. I don’t subscribe to the grand conspiracy theories about the gold market, but with all the paper proxies out there for gold, the physical market is not the only think determining the price. I think the physical market is less and less important all the time. Gold is now a casino market run by the big boys. The gold market may become and may stay irrational for a very long time.

By: cvienne

cvienne — Tue, 14 Jul 2009 14:56:46 +0000

@hopeImwrong

“How we get there, and when we get there is the question.”

How we get there will be determined by when people realize that parking money there as an ASSET CLASS isn’t worth as much as parking it in other asset classes (or ANY asset class for that matter)…

In a credit deflation environment, cash is less risky and probably more valuable…While people increasingly hold cash, earnings will continue to be under pressure…