Monday, July 13, 2009

Head and Shoulders Update: Could this be a new definition of Financialisation?

So as I type the S&P is up around 2.5%, and the puts I was talking about earlier are now trading at .28 / 1.28 - so a massive loss so far if you bought them this afternoon... dooh.

So financial markets are up because Goldman Sachs took enourmous profits from trading in financial markets.... THIS is financialisation!

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