What is Goldman Sachs trading now?

银河金星

看看即可， 不可认真。 没准黑老大反着做。


There’s little doubt that Goldman Sachs has the best trading deskson Wall Street.  Whether you’re skeptical of their legitimacy, enviousor sincerely impressed it’s a firm you’d be foolish to ignore.  Goldmanmoves markets like few firms do.  I’ve attached some macro and microideas out of Wall Street’s best trading firm.  After all, if you can’tbeat em, might as well join em:
1) Goldman sees a large divergence between the commercial real estate price estimates in equity REIT’s and CMBS market.
How to play it? Short REITs, buy AAA CMBS or sell protection on AAA CMBX.
2) Goldman sees continuing problems in developed nations that have financed their bailouts (ahem) through increased public debt.
How to play it? Short debt-laden developedeconomies, long select emerging economies.   You can also buy USD, JPY,or EUR puts vs calls on the currencies of commodity exporting nations(AUD, BRL, CAD, NOK).
3) Goldman sees continued weakness in the Japanese economy.
How to play it? Sell the Yen or buy JPY puts.  An equity short doubles as a short position for debt-laden countries above.
4) Goldman continues to believe oil prices are heading higher.
How to play it? Buy long dated oil futures.  Short the crack spread.
As I often stress, Goldman also likes a number of market neutral strategies, but that’s for another post for another day.

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Commodity Trades:

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weekendsunny

This is nice. Thx.

yaobooyao

我有这个报告的完整版。

附在这里供高手研究一下，指导我们青蛙。

soulvirus

这个好， 请老大喝一杯coors light.

soulvirus

这个好， 请老大喝一杯coors light.

银河金星

我有这个报告的完整版。

附在这里供高手研究一下，指导我们青蛙。
yaobooyao 发表于 2009-8-14 21:44

Good stuff. Thanks for sharing.

99页的报告还真读不过来。GS的这些分析同俺感觉后几年的大势的发展还是相合的。