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Investment Banks

  1. Michaelirish

    19,556 Posts.
    Let us face up.
    On the market we have the small investor and the big.
    every so often the investment banks make calls on positions they have already taken.
    When Goldman says
    ""The decline in the U.S. rig count likely remains well short of the level required to slow U.S. shale oil production to levels consistent with a balanced global market," Goldman said in a note Tuesday. "Lower oil prices will be required over the coming quarters to see the U.S. production growth slowdown materialize."
    You can assume they are heavy with derivatives and shorts to assure their position wins out.
    It is not illegal.
    These banks , one after another, have been found to be rigging the market. They have admitted it and been fined and in the morning set off to do the same again.
    Again we poor investors have to live in this jungle. Such is life.

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