By paying attention to how the media has latched onto Goldman Sachs (GS) lately, there is a very important lesson learned and possible tip off into the future.
What we see is non mainstream media picking up on stories about Goldman Sachs that should be of no surprise to people that understand how wall street works. However, what is apparently happening is that you’re beginning to see the real jealousy of those that get angry with these stories. GS has found countless ways of making money in a capitalist society. They have numerous advantages that were created, not given to them. They recruit the best of the best in brain power, internal drive, motivation and competitiveness, etc… They have former GS partners in high ranking political positions and other areas around the world that one would agree are ultimate benefits to GS if needed or called upon. i.e. Hank Paulson, Robert Rubin, etc… They have created a culture that others try to emulate, but can’t. The fact that they make so much money will ultimately be their downfall. Somewhere along the line, somebody is going to get their hands on the wrong story, at the wrong time attached to the wrong people, and their entire existence will be gravely threatened. Truth be told, they are doing exactly what their partners and shareholders want them to do. Succeed by beating everyone else. Unfortunately, this country has a hard time allowing the ones will the largest success to continue without over regulation, political targeting and media mud slinging. We wish them well.
By the way, the market is getting closer to that point in time for the bear market to continue. We’re not there yet, but you’ll know it when you see it. Our subscribers will know a little quicker than most.