Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Terry Maloney who wrote (420510)	3/14/2012 9:41:17 AM
From: Jeff Jordan	Read Replies (1) \| Respond to of 436258

LOL.....They're just doing gods work?......lucifer<g> I saw GS was up over 6% yesterday...too bad I was hoping to see it break 100 again...all this stock dividend talk had some banks move yesterday. LOL...JPM and GS banks....more like syndicates of evil..in the good sense of the word banksta<g> finance.yahoo.com bloomberg.com Assholes! SPX getting close to 1400....LOL, the economy must be getting better with all this printing and new debt? Maybe, if I apply for food stamps that will put us over the top?<g> F'n ethanol!...I need a new Yamaha outboard motor and the money or sponsor to get one or no more fishing for me for awhile ;( .....this is gods work<g>

To: Terry Maloney who wrote (420510)	3/14/2012 10:49:29 AM
From: MythMan	Read Replies (2) \| Respond to of 436258

He won't even be able to get a government job now.

To: Terry Maloney who wrote (420510)	3/14/2012 11:00:19 AM
From: Rarebird	Read Replies (1) \| Respond to of 436258

Who was he trying to enlighten? Just about everyone knows that.

To: Terry Maloney who wrote (420510)	3/14/2012 11:37:24 AM
From: Knighty Tin	1 Recommendation Read Replies (3) \| Respond to of 436258

GS ripping off their clients? Most of the clients I know, institutional, for the most part, have done very well investing with Goldman. As a trader, I was always looking for a firm that could trade size by size, without slobber-knocking the price. Goldman was one of the few who could do it without destroying the market, most of the time. I caught other firms front running my orders and slapped them silly, accordingly, but I never saw that at Goldman. It wasn't the only good firm. I had great executions on equities from Salomon Brothers (before they got caught rigging the govt. bond market), Walsh Greenwood Wish was a major player at one time. Those three firms made my life easy trading at The St. Paul Companies. In the bond market, Goldman was still a major player who helped me trade my ideas. Unfortunately, we had to threaten to sue them over margin problems at the Chicago Merc. The old E.F. Hutton and Paineless Webber executed well for me and actually volunteered to take some of the margin burden off Goldman and keep us out of court. This was at a time when most of the large trading firms understood the P&C Insurance business such as St. Paul, very well, but didn't know squat about mutual funds (they all had mutual fund cos. under their big tent, but the trading studs didn't hang with those guys. <G>) I have had problems with Goldman's political outreach and their analysts (Abby Jo bugs me), but I never felt ripped off dealing with their trading desks. And my performance showed that if I was getting ripped off, my competitors must have been getting a daily mugging. <G> However, I have seen more examples of buy side firms ripping off major brokerage firms than the other way around. The brokerage firms were selling a generic service in some cases (never in what I was trading) and didn't have much brand power. The buy side firms paid the commissions, in size, and seemed to have all the hand in that relationship. My guess is Mr. Smith got canned.