Does anyone remember what happened the day before the twin towers were destroyed? Lots of Put Options. Folks basically betting that certain stocks were going to IMPLODE in value ( United Airlines) while at the same time Other companies were going to EXPLODE in value,( defence contracts and anything to do with the planed war) (Click Itallics for link)
On the other hand there are always stories that get buried by terrible events, stories so damning that only an even greater story , a more terrible story can over shadow it. Namely that on September 10 2001 Donald Rumsfeld and his experts , held a press conference wherein he admitted that the Pentagon has misplaced over 2.3 TRILLION dollars. This is big Big BIG. but what happened less than 24 hours after this disclosure? Sept. 11 2001. As Rumsfeld put it
"According to some estimates we cannot track $2.3
trillion in transactions,"
Personal note, Would it not be cheaper to print the 2.3 Trillion then to try to find it?
I guess that why the Pentagon is getting all the money they need for anything they need it for.
Anyway. I digress..Why would the owners of two companies that Bloomberg news is stating are being saved by the FED. sell their stakes in the very companies that they run?
Documents filed with the Securities and Exchange Commission on Thursday
March 20 show that Goldman's President and Co-Chief Operating Officer Jon
Winkelried sold some 30,000 shares at about $173.85 each, totaling
approximately $5.2 million, from Wednesday to Thursday. Vice Chairman Michael
Sherwood unloaded some 7300 shares at a per share price of about $174.85,
totaling close to $1.3 million Wednesday. Goldman could not be reached for
comment.Why did the price of GOLD and SILVER GO UP between the NY Close and the dead zone that is Good Friday for the rest of the world? Silver went up from 16.81 per ounce to 17.31 per ounce, yet Bloomberg still has the front page head lines of the great catastrophe of the Commodities bubble bursting and the FED's brilliant moves to save the world? The Dollars great GAINS!! Yet it is well below 72 on the dollar index? A Massive inflation of the money supply and somehow this is a cause for an increased dollar value? Federal Interest rates down and somehow this is supposed to be a great boost for folks wanting to invest in dollars?
Melinda peer asks the question
"What if the other shoe drops but no one hears?"And then shares the conspiracy ( my word not hers) showing how these big companies ratings are falling.. ( remember Bear Stearns Spent the days before their IMPLOSION telling everyone every thing was OK!)
"Standard & Poor's analysts tested the tree-falling-in-an-empty-forest
scenario, as it lowered the outlooks for Goldman Sachs and Lehman Brothers to
negative while markets were closed."
A must read article:
"Not So Good Friday For Goldman and Lehman"
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