A Tirany of Economic Yrony...

Goldman Sachs made $11 billion hedging against credit-crunch fodder-backed securities and other mortgage related "doomvestments". So, today while clever "GoldenBears" are sheering off their hedge of profits in one Sachs department, another is busy with analysts scurrying around trying to find the best way to put the billions back to work.

Some money is going into stock equities and some of 11 billion is a lot!!

So no wonder today's headlines read:

"Goldman Sachs is stirring fears over credit crunch"

of course they are - they just beat it and now they have to invest their profits - only it's not 100% decided as to where the monies will go and Sachs needs time to settle it and move it into new positions....they probably hope the market will stall here - so find what you like and and you know what to do...

a listener has pointed out a cool website - it shows where the mutual fund managers are putting their money - remember --> all recoveries are asymmetrical to their decline in terms of who goes back up and how far how fast.....

http://thebuylist.com/