Goldman Sachs’ COO, Gary Cohn, wonders out loud why stocks act so fucking retarded. He posits there have been such herky-jerky moves in stocks these days, pointing to a lack of liquidity in markets that will prohibit investors to exit stocks, if need be, ‘at reasonable clearing prices.’
This whole naivety is hilarious, really. Gary knows why liquidity is suspect. I’ll go out on a limb here and suggest that high frequency traders, coupled with a lack of retail investors in the market, have something to do with the lack of normalcy in the market these days, something Cohn and his band of grape-raping asshats at Goldman helped make the norm these days.
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Oh, snap!!!!!
Retail is out if I’m an indication.
So much is hidden and what’s seeable feels like a hustle.
reasonable clearing prices? is he on crack? the price is wrong bitchez
He’s a smart guy. Seen him speak @ GS several times to the analysts
of course he’s smart. That doesn’t make him good, however.
“What I’m most worried about” is rat-fuck financiers slithering around in their dark pools, trading us back to the stone age.
I’m more worried about grandma speaking tomorrow…. The woman (sic!) can nonchalantly crash SPY & TLT at the same time, dismantle the ARK, and set the wood on fire to make herself a cup of Earl Grey