Monday, April 19, 2010

Goldman and the market

Goldman Sachs is having a huge image problem. The civil charge against itself is not a big deal, at most cost it 1 billion dollars. But the damage to its image will be huge and investment banks rely on their reputations. The Ash on the European sky is causing another problem for airline industry. If it can not get back to normal by next few days, we will see a few airlines have trouble to pay their debt and governments' assurances will be required again. The market is due to a pull back.

I will buy back 200 shares of HSE (C$) @28.40 today (sold 200 @30.50 a week ago).

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