I wrote about Goldman few days ago. Goldman is set to report earnings today. As I write this, Dow Jones industrial futures rose 102, Standard & Poor’s 500 index futures rose 12.90 and Nasdaq 100 futures rose 15.50 in anticipation of better news from Goldman.
Yesterday, the U.S. market went down because it didn’t really believe that Fed’s auction was going to help the market. Today, that is going to be changed by a single company – Goldman Sachs. People want some kind of comfort about real estate situation in U.S. Goldman is going to give them just that. When it comes to trading, it all boils down to the psychology of the traders.
I hope that Goldman will bring the Santa Claus to the market!
- At least, Somebody is Smart!
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