Quote:
Originally Posted by kenny
Everytime an oil seikh sneezes Goldman Sachs uses it as an excuse to predict higher prices.
I'm beginning to wonder how much money they got tied up in oil futures.
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GS just posted outstanding ER last week. They made money most money as follows :
* betting on oil
* underwriting fees for under-capitalized banks
* reduced taxes
and I bet every other IB, even those with money from FED, are trying to do the same, betting on commodities, since in current market its one of the last places where money can be made on the long side