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A Burned Goldman Says To Hell With European Trade Recos
After being mocked and humiliated (repeatedly) by various blogs, not to mention losing a ton of money (for the clients, not the Goldman traders on the other side of the firm's clients) on his most recent horrendous EURUSD reco, Goldman's Tom Stolper has had enough (as a reminder, precisely the same thing happened at precisely the same time last year - sometimes even a broken clock is never right). And not only him, but all of Goldman appears to be withdrawing from making any future recos on Europe. To wit: "The lack of predictability in Euro-zone policy developments and the high degree of volatility it has ... (full story)
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