Goldman Sachs Isn't Running The World

Okay – essentially they are running the market “right now”…but not for long and only because people are “scared” of them. I’ve gotten a mailbox full of emails from readers asking about the Goldman article in bloomberg yesterday. Remember the one about them making $100M in trading revenue basically every day in July? Yeah that one.

Here’s the story on Goldman (from an Alumni). Goldman Sachs is a TRADING SHOP, plain and simple. They are not an investment bank, they are not concerned with mergers and acquisitions or LBO’s, or whatever else else; their main focus has ALWAYS been to grow the trading business. Yeah the other stuff makes them great money, but when 70%+ of your business comes from trading revenues – that’s saying something!

You see people, they already realize that trading is the MOST adventagous form of business out there. All you really need is a computer, a little money to start and a conncetion to the markets – THAT’S IT! Therefore, if they can continue to grow this aspect, they will cut costs and increase revenues – simple as that. So, I hope you non-members know why I preach this form of education more than anything else – it’s simply the best way to accumulate wealth! And if you have ever read Goldman’s earnings reports, they clearly state that they use “equity index options to create consistent streams of trading revenue.”