TRADE ALERT: GS

We are short Goldman Sachs from $162.52 and wondering whether or not this long overdue correction is for real, or will the plunger protection team dam up the stream. The correction will continue if the bankers can pocket a correction into their overstuffed pockets. Remember that Goldman Sachs is going to pay itself in stock shares and of course the lower the shares are when issued the more profits when sold. So, the correction will last as long as it takes Goldman to issue themselves shares.

The biggest two-day drop since March means employees will receive more shares than they would have earlier in the week, and have a greater opportunity to profit should the stock gain. The firm said last month that its top 30 executives will get bonuses entirely in stock that they can’t sell for five years. Goldman Sachs rose 1.9 percent to $156.99 at 12:19 p.m.

“The unintended consequences of some of this craziness coming out of Washington are breathtaking,” said Michael Holland, who oversees more than $4 billion as chairman of Holland & Co. in New York. “In the process of trying to score political points, they have taken the target, in this case the so-called fat-cat bankers, and provided them with a reward.”

Michael Holland is an insider asshole who knows perfectly well that the consequences were not unintended.

Will the correction continue? I dunno, just keep your stops in. we will look to add under $150.