SHARKS VS MUPPETS: Wall Street vs Main Street

• ITM TRADING, INC.
  Some of you might recall the 2012 scandal when Greg Smith resigned from Goldman Sachs and revealed that Goldman traders referred to unsophisticated clients as Muppets, encouraging them to take one side of a trade that Goldman had put together, while they took the opposite. Like taking candy from a baby. Which is what appears to have happened in the oil market last Monday. In another flash-back to the Great Recession, we are being told that while home prices will decline that should only be for a brief period of time. Ben Bernanke, Fed Chair in 2006, also said “Housing markets are cooling a bit. Our expectation is that the decline in activity or the slowing in activity will be moderate, that house prices will probably continue to rise.” He was wrong. But since then, global central bankers have been gobbling up as much gold as they could and many, including me, believe that this is likely to be the “Last Great Buying Opportunity of This Decade”. Links to sources: https://www.itmtrading.com/blog/shark…

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