Sign of a Market Top
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Aug 9, 2007 2:02 am
at least for a while in the financial services sector (saw this before in 2000-2001):
A former VP in compliance at Goldman Sachs jumped ship for the SEC this week. I surmise she took a hefty pay cut. Her name's Kristin Kaepplein and she's heading up the SEC's "investor education" group.
Yes, I sent her a "thanks for trading up" e-mail this morning along with a copy of John Churchill's Brookstreet article and a price chart of a recently Goldman Sachs' led dumper dog IPO. I explained to her how I knew it was a dumper dog before it even went public (a little bragging, I suppose) and suggested she use it as a case study.