Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Short selling "Goldman style" is nothing more than theft. They've been proven to be corrupt, and trade out of both sides of their vault.
It's perfectly legal in the law of investing.
You bet on some ticker that it it's going up. You bet on some ticker that it's going down. They are philosophically the same, just directionally opposite.
So when you can cash in on an economy that thrives, why not on an economy that lags?
And it's not just GS. Credit Suisse, RBS, Merrill, you name it, everyone does it. Hedge funds make a fortune shorting stocks and currencies.
It's safe to say kudos to the money manager who comes out with a bag of cash.
Most hedge funds are getting killed right now and deathly afraid of redemptions. "Genius" John Paulson was a nameless hedgie a few years ago, made a smart bet on a housing crash, drew in billions upon billions in funds and then precisely wiped out a ton of value with it.
Look these guys make some money, but its all risk-adjusted. If you want to slam on hedge funds or investment banks feel free, your opinion gets read here. But they don't just make money and they get slammed when they don't do so hot which is something that will happen with regularity when you take on risks. Right now the risks are low because they have an extremely low cost of capital and its hard not to make money in such a spot. But if you don't like that, blame the Treasury and our wonderful banking regulators for allowing it to happen. Don't blame those who were handed an opportunity and took advantage of it.
But if you don't like that, blame the Treasury and our wonderful banking regulators for allowing it to happen. Don't blame those who were handed an opportunity and took advantage of it.
it's hard for me to separate hedge funds with the finance world in general, which pours money into politics to influence those regulators, and influence treasury policy.
so from the outside looking in it does look like, and function as, one opaque entity of government+finance.
You bet on some ticker that it it's going up. You bet on some ticker that it's going down. They are philosophically the same, just directionally opposite.
So when you can cash in on an economy that thrives, why not on an economy that lags?
And it's not just GS. Credit Suisse, RBS, Merrill, you name it, everyone does it. Hedge funds make a fortune shorting stocks and currencies.
It's safe to say kudos to the money manager who comes out with a bag of cash.
It sets a pattern of greed that hurts people.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
