Thursday, July 15, 2010

Market Jumps on SEC Announcement Coming After Market Close - Rumors of Settlement with Goldman Sachs (GS)

Looks like the market did a U-turn on news of SEC announcement post close.  Goldman Sachs (GS) surging, and XLF ETF of course reversed.
  • Shares of Goldman Sachs (GS) have picked up speed this afternoon, currently up $5.88, or 4%, at $144.94, as headlines have spread the Securities & Exchange Commission is going to make a “significant” announcement at 4:45 pm, Eastern, this afternoon.

I threw some modest TNA ETF on the grill as I sip Kool Aid ...

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