Thursday, January 21, 2010

Now this is turning into a rather interesting days trading, the reason for the sudden sell off is Obama's policy with regard to the banks who are all down heavily on the day. They are going to be banned from Proprietary trading, they are going to be smaller, all of which contributes to why Goldman Sachs is down 6% on the day. All of this I can understand, But an additional little side story on GS just on Bloomberg. GS's Credit Default Swaps are also up massively on the day. Now why should this be? There may be trouble ahead folks.

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