Trying to hear what is not being said – May 5, 2022
May 5, 2022 Leave a comment
I recall Goldman Sachs calling for $200 oil when it was trading at $130. It soon dropped to $90.
It’s a little bit funny that I’m not hearing that prediction being repeated anytime over the past 6 weeks.
In the meantime, Goldman Sachs did $100 million in trading revenue on 32 separate business days in the 1st quarter. Their trading division accounted for 61% of its quarterly revenue.
As far as profits are concerned, I wonder how much the proprietary trading division made during the quarter?
Do people ever think it is possible that while an investment house is promoting its market calls to ‘buy’ something, that the same investment house may be the seller of their own stock or inventory?
May 5, 2022
by Rob Zdravevski
rob@karriasset.com.au
rob zdravevski's blog 