I glanced at the IWM just now, and I am astonished at how volume has shriveled up in the market. I realize the day isn't over yet, but just look at the past ten days or so. There was a huge run up in volume, with explosive peaks on Thursday, and then it has just crumbled. Paulson and company have made people afraid to trade.
Something else I learned that I didn't know is that Hank Paulson has $500,000,000 in Goldman Sachs stock (at current prices; it was a billion bucks before). Ummm, help me understand this. Some poor shchlub in government can lose his job if he has a few thousand bucks in a company that represents a conflict of interest. And yet Paulson is permitted to own half a billion dollars of a stock whose fate he basically has utter control over? Jesus!
