Tuesday, May 10, 2011

CNBC's Lame Goldman Call

Goldman Sachs bought a laughably small amount of US government debt and CNBC screams "Goldman Goes Long US Government". This is dumb. The amount they upped into treasuries was peanuts - this could have been a single trader on a correlation between treasuries and Derek Jeter's batting average.

UPDATE: Some people view Jimmy Rogers as an annoying, megalomaniacal gadfly and others see him as a sophiticated, successful investor. For me, he's somewhere in between. Anyway, he thinks US debt is a short....just like Warren Buffett.

1 Comments:

Blogger Richard said...

Anyone with sense would be long the Captain and short the Obama Treasury.

12:17 PM  

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