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12/02/2009 05:53:00 PM Posted by Jason Goepfert
The biggest market conspiracies tend to swirl around either "THE GOVERNMENT" or Goldman Sachs. Being right on nearly 99% of your trading days tends to elicit some jealousy during tough times, so Goldman is a very popular target.
Ironically, the better they get, the more ill will that is generated. Unless you're a client. Or better yet, a partner. And better they have gotten, at least in terms of their forecasting of the Nonfarm Payroll number, due again on Friday.
Over the past few months, their last-minute updated forecasts have been right on the money, a few of them involving pretty dramatic changes. Almost makes you think they know something we don't. I'm sure they have just improved their models (cough, cough), but whatever their method, I'm paying attention to any revised forecasts from Mother Goldman heading into Friday morning.
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