I think the corpse is coming back to life, as gold is . . . 
. . . due to the recognition of what those trillion-dollar bills will generate. I suspect those metals will follow suit: 
Posted on 03/28/2021 9:34:01 AM PDT by MeneMeneTekelUpharsin
Goldman Sachs sold a LOT of stocks friday to the tune of 10.5 billion. Something's up. Link only.
(Excerpt) Read more at finance.yahoo.com ...
Its not a sell off on the Market, its securities between companies, a block Trade.
So the NYSE probably didn’t feel the price hit, since it wasn’t on the market to begin with.
Unless someone is more literate in this, I’m open for correction.
My thinking is they want a lot of cash in hand for some reason and are selling off a huge ton of securities between “friends.”
It’s not a panic if you’re the first one out the door.
What’s going to be the fallout from this mess? Any guesses?
The ultrarich DS uses AI for microsecond strip offs
of profit. Ameritrade SELLS like the others knowledge
of your upcoming trade (ie before it proceeds) to the
DS to take advantage of YOUR biz.
Also they probably make more money with the puts gets etc.
which are multipliers of the relative tiny money they
use to push the stock price up and down.
And there are those counterfeit shares allowed by “law”
for them only. Counterfeiting helped China take over the
America by paying fake=”billions to each power in Congress”
in addition to their fake=”ballots”.
Counterfeiting should have been ILLEGAL for them, too;
BEFORE America tanked due to stolen election.
Maybe so...
Agree. I have as many silver eagles as I can reasonably store so I’m into gold eagles, all 1 oz.
According to the article it sounds like it was a private transaction. Not over the exchanges/open market. I presume the buyers and sellers were both sophisticated enough to understand the transaction and negotiated a price. If the seller dumped them all in the open market it would have negatively impacted the share price so I presume the buyer knew that and negotiated a price that incorporated that fact into the purchase price.
Looks like next week is in for a wild ride with tens of billions moving around.
GME is an extraordinary story and it is in almost nobody’s interest to investigate it and fix the regulations. There are many ways to exploit the short selling loopholes. Frankly I am about 99% opposed to the idea of short selling. It may have some legitimate function in theory but in practice it’s a con.
So you own a stock. Without your knowledge or consent I ‘borrow it’ and sell it to someone else. Your account still shows you own the stock. The person I sold your borrowed share to also sees that he owns the stock. Now the supply of shares has doubled, and when you increase the supply you know what tends to happen to the price. You and the other guy can both sell the stock if you want, even though there is really only one owner of it. As for me, I just have an IOU to your broker.
Then, I can borrow the share I sold to the other guy, and sell it to a 3rd person. Now there are 3 ‘shares’ trading all based on the one share you own.
Meanwhile, market makers and options makers desks are free to short sell without even borrowing shares from anyone. They technically have 10 days to “cover” their shorts, but it is fairly easy to keep rolling that 10 day period out by closing and re-opening a new transaction, borrowing ‘shares’ from a broker, or going to another options market maker.
Almost 100% a scam.
I don’t have any investments in the stock market anymore. But I check the indexes and about 60 or so stocks I like to watch once a day. About the only good thing about Yahoo is their Finance pages. If I recall correctly, the Dow index was down almost 400 points on Friday morning. But it closed up about 80 points. Give or take, just from memory.
So now I wonder whether that early morning sell-off had something to do with this $10 billion transaction.
Indeed. They get the trade data before it executes, and they get an opportunity to take the other side of that trade - or, if they are making a market, they can move their bids/asks according to the data they receive.
Then of course, there are the rebates that the exchanges pay for liquidity order flow. So you can buy a stock for $1 and sell it seconds later for $1 and make a profit just from the rebate.
It definitely has an impact. Not just the rumor mill among people in wall street but also the algorithm trading bots can literally read the news and make trading decisions based on press releases and news headlines.
Given the volume of trades overall, the market can absorb $10 billion pretty easily. It’s a blip on the radar in the grand scheme. But the ramifications do have an immediate impact, and the ripple effect can continue for quite a while afterwards.
“Goldman Sachs is selling on behalf of another company.”
A good article on this is here:
https://finance.yahoo.com/news/goldman-sold-10-5-billion-155401799.html
wy69
I think the corpse is coming back to life, as gold is . . .
. . . due to the recognition of what those trillion-dollar bills will generate. I suspect those metals will follow suit:
Hah,
Good joke, I guess I should have told them to read the original article.
Yes. i haven’t been doing well after Biden so i’m all in cash.
I would not read anything into it. How many billions are traded every hour on Wall Street? 10.5 billion is nothing
“I would not read anything into it.”
I wasn’t. But the article made it sound like they were bailing on outside stocks...maybe to support their own company holdings. Same thing happened in 1929 when a massive sell off of outside diversified interests were attempted to be disposed of when the sales from the previous day couldn’t be covered.
Not to say it is the end of the market as we know it. But it copies past actions when people start to get apprehensive. And with the money the government is throwing at problems they are creating that apprehension and I think Goldman just reacted. It won’t be a problem until more companies start to retaliate in a greater amount and at lower numbers.
wy69
The global debt empire they created makes Goldman Sachs the cradle of all evil.
That’s a cash lock based on a no-breakthrough ceiling viz the horizon look to Xiden’s Q3 Recession. It’s all gonna crash on or around the usual date — within 14 days after Sept. triple-witching.
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