Some say that Goldman (Government) Sachs works on behalf of the federal government. They have been rumored to be deeply involved in manipulating the stock market, the bond market, the currency market and especially the gold market. Goldman has taken billions from the government, is it possible some of that taxpayer money is goosing the market? Don't you think that it smells a little fishy given that Geithner, Paulson and many others at the U.S. Treasury were Goldman executives? John Crudele is one of the few financial journalists who is actually doing his job.-Lou
QUESTIONS ABOUT GOLDMAN SACHS' ROLE IN MARKET
SOMETHING smells fishy in the market. And the aroma seems to be coming from Goldman Sachs.
As you probably already know, stock prices have been roaring for seven weeks.
This has created a historic rally despite the fact that the economy continues to be in serious trouble, banks are still wheezing under the heavy load of bad assets, workers are being laid off each month by the hundreds of thousands and nobody seems to have answers to our problems.
All these issues are well known and there's no reason to replay them here.
I told readers at the beginning of the year that the economy would start looking better -- although not necessarily performing better -- in the spring because of statistical aberrations coming from Washington.
And I even predicted that stocks would rally because of the perception that happy days were here again.
So -- a big rally.
Prices had been up as much as 25 percent since March 9. And they are still up 22 percent as of yesterday.
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