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> for all of you out there
> the well street known fed market maker group:
> fed, gsco, lehman, salomon,
> citigroup, bank of new york ... etc.
> fyu, goldman is now a giant financial spiderweb
> just like microsoft is a software industry web.
> goldman sachs owns a family of financial companies
> including several of market makers in equities, options
> and futures, forex... they are a total financial undercover
> monopoly that controls every!!! US market,
> index trading and arbs, market making and
> money managment business, options you name it,
> they are in it...and they dominate it.
So... should I send a Christmas card or something thanking them for letting
me make money in this business. Perhaps a nice box of chocolates at
Valentines Day would be worth a couple of points in the bonds.
I'll buy the fact that the primary dealers persuade the FED to move one way
or another on the daily stuff (coupon passes, etc.) but the FED, on balance,
is so incredibly behind the market that these poor reserve bankers must have
to virtually push their buddies at the FED over the cliff to get them to
move on rate hikes and cuts.
I have no animosity toward Greenie or his bank (I was long the morning of
the move and went flat 1/2 hour before the action). I just pray each
morning I don't get in their way.
Sean
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