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At 09:51 PM 7/3/98 +0200, Gwenn Ael Gautier wrote:
>Any thoughts to the fact the savviest and most respected of all trading
>firms, Goldman Sachs, sells itself out...
>
>As Idon't believe they want to make the public a favor, that leaves:
>
>- they need the publics money to make a big coup, with leverage, but
>then again they would have done so earlier if that's what they wanted to
>do, it would haver been very profitable.
>
>- they unload their market risk on the public, take the cash, and will
>be top's ready to pick up the next great opportunity around... I suppose
>when no else will see it, because too preoccupied about difficult
>conditions...
>
>What do you all RT's think????
>
>Gwenn
Gwenn:
I'm a total outsider, but I can only assume that these guys know that
there's not much of the bull left and they'd rather sell "the bag" to the
public than be left holding it. The chance of them needing capital for
leveraged ventures is so slim at this point....
P.
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