Profitability and “The Squid” (Goldman Sachs) go together like bacon and eggs at a greasy spoon diner. (Read more about the dark side of “The Vampire Squid” HERE).
Last week, Goldman led the charge in the first quarter earnings report based on their “trading revenues” being 38% higher than last year. ($2.8 Billion from trading alone).
(*Note—Morgan Stanley [the other major beneficiary of our taxpayer bailout in 2008] also reported record earnings).
So, what do you think happened in the first quarter of 2018 to cause such a surge?
In one word, Volatility.
January saw an abnormal increase in stock prices followed by February’s beat down. March was a combination of wild up and down movements keeping investors very nervous.
In Plain English that translates into mega-commissions resulting from massive trading volume…engineered and perfectly executed by the “Club.” And, of course, assisted by their bought-and-paid-for media.
You want more proof?
While the boyz in the “Club” made Billions (record high earnings) in the first quarter, how well did your investments do by comparison?
Sorry, but the truth hurts.
Been there, done that!
If you take a step back and look at the talking heads narrative for the last quarter, you’ll see a pattern.
Comey said this…
Trump did that…
Mueller wants to impeach…
blah! Blah! BLAH!
My point is simple: When you listen to the distractions created by the Lame Stream Financial Media, you are being played as the fool.
Instead of losing at the “Club’s” expense, learn how to profit from their organized volatility (HERE).
It’s easier than you think.
And share this with a friend…they’ll thank YOU later.
From the Peanut Gallery June 2023
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