My greatest fear about the GS settlement is simple – – until mid-April, the market was absolutely psychotic. Technical analysis has ceased to function. But when the Feds went after GS, charts immediately started working again. Trading made sense. Charts were usable. It was glorious.
Now that the GS is off the hook, will they once again warp the markets to their own devices? I put nothing past them. There is nothing GS won't do to make a buck. Nothing.