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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: AHale who wrote (37762)5/1/1999 4:58:00 AM
From: accountclosed  Read Replies (1) of 86076
 
goldman sachs controls a lot of assets. they trade for their own account...have discretionary client accounts...have mutual funds that they run.

the implication is that it is in goldman's best interest to prevent any major sell off before they get their ipo launched next week. the most bang for the buck would be to buy futures contracts which would move the visible indexes.

so the question raised by the last hour turn around in the market, is "was goldman buying to protect their ipo?"
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