Goldman Sachs or Goldman Sucks!

Goldman Sachs (GS) was very kind to me. It turned a discomforting paper loss to a very comfortable real profits on last Friday. I have no position in GS for now. Since GS did not rest from its downtrend on last Friday, it is very likely that GS opens positive today.

I would love to short GS again - possibly today. The next target could be around $137.30 (38.2% Fibonacci level).

The big questions are:

1. Would criminal charges be made on GS and/or its employees ? Not sure


2. Would there be any civil suits against GS and and/or its employees ? Very likely


3. Would Goldman settle the matter out of court? Possibly


4. Would the whole fiasco significantly affect GS's earnings? I think so

Cheers!

PersianCat