Wednesday, September 23, 2009

Hedge Funds Most Bullish Since Market Peak

This is a dynamic we highlighted before the market collapse when certain famous financial personalities were espousing that the market could not be peaking because Goldman Sachs, the world's largest hedge fund, was levered to the hilt. Obviously something we reported as a major concern rather than being bullish. Goldman remains the world's largest hedge fund speculating in countless risky schemes even though they were allowed to become a bank holding company on the taxpayer's dole after their profligacy contributed to economic collapse. Goldman's business model has not changed at all since then. Instead they now get to play with taxpayer-backed money. Not only in markets but with their substantial government lobbying efforts.
posted by TimingLogic at 8:54 AM