Trends, Cycles and Goldman Sachs (GS) (10:00)
Goldman Sachs bought their way out of jail. Cost them $550m and the lamest admission of guilt I’ve ever read.
Meanwhile Jamie Dimon at JP Morgan goosed his earnings by pulling $ from his loan loss reserves. He’s betting the worst is behind us – big call.
My personal opinion? We all have way too much debt. Federal and State Governments have turned into Ponzi Schemes – and the time to pay the piper is coming closer.
The video has some Goldman Sachs (GS) charts plus a discussion of trends in lower time frames being equivalent to cycles in higher time frames. Nothing new – just the same old stuff from me.
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Good luck with your Emini trading.