Is The End Near? You Can Smell The Fire Smoldering (GS)

You might be asking yourself this exact question, but are afraid to shout it out... I believe the tides could be turning for the Financial's, NOT necessarily the entire market. The tone of the our elected officials while grilling Goldman execs hinted at aggravation and intolerance, even the simplest answers from the execs were met with doubt and criticism, this story does not end well. This exact scenario played out in the final months of 2008 (you all know how that ended), *REMEMBER where there is smoke there is fire.
 

What i found very interesting today, was the far OTM Goldman puts had volume across all strikes, specifically the 85 puts, these are in my opinion Armageddon puts. If those puts hit, bada bing.

The lat market sell off was just like the old days, i love it. Granted i made a bit of mula today, it was nothing what it should have been. The old trader tool of scenario recognition comes into play today, you see the price action you know what the end result is going to be. Stay in the buggy. Remember Buying dips only works until the DO NOT WORK..

Posted in: GS,Market