Rely on analysts and the likes of Goldman Sachs and you can see why the avergae investor struggles while they play both sides of the game. Should be illegal to be able to be an analyst and a trader in the same institution.
Actually, it's the same reason that professional athletes are strictly banned from betting on games in which they are involved in.Pete Rose was banned from baseball; Goldman Sachs just makes more money.If you're invested in something, naturally you're going to say or do whatever you need to to improve your situation.The real problem is people still believe these analysts and react to them.
Here comes the pre-lunch pop.
Agree. It's an open invitation for fraud. It's actually a real joke on the whole system.It's the equivalent of the Chicago Bears paying the salaries of their players, coaches and the referees officiating the game.
Now really, Gupta was just an outlier. Everyone else GS is completely ethical. Just ask Lloyd.