By John Galt
November 30, 2011 – 14:40 ET
Someone forgot to tell GS about the TV Party tonight:
Ah, nothing like a little Black Flag to fire up the masses.
Then again, these charts are buttgly but they are from 2008!
Let’s start with the September 2008 super duper liquidity “we’re going to save the world” bailout period which is an almost perfect duplication of today:
(click to enlarge/reduce charts)
Impressive? Nah. But if today’s market action parallels this move, which it appears to be doing:
Of course what happened after that week was brutal:
Needless to say, as I have been for ages, GS leads the markets up or down because of not just their size but participation in the Federal Reserve ownership crime family. If GS is tanking, it is no accident. And unfortunately it will lead the markets south if Europe is about to collapse. However, that being said, any price break below $30 I would view as a buying opportunity as there is no way the squid can die, no matter how stupid the Europeans might act.