Tuesday, July 30, 2002

Further Pillaging [NYT] Last Thursday, semiconductors collapsed. Goldman Sachs bought 10,000 call options. Friday morning, the Goldman Sachs semiconductor analyst upgraded the semiconductor sector. A spokeswoman said: "There is absolutely no connection between any of Goldman Sachs' trading activities and its investment research. And given the current environment it's outrageous to suggest that there is."

I realize that this kind of news is becoming boring, so I'll refrain from rehashing the latest Qwest and E.D.S. violations. Just remember that you're still getting fucked, daily.


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