‘Unprecedented’: Wall Street Ponders Goldman’s Block-Trade Spree
- ‘Never seen something of this magnitude in my 25-year career’
- ‘The question now is: Are they done? Is this over?’: Investor
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As Wall Street speculated on the identity of the mysterious seller behind the massive $10.5 billion in block trades executed on Friday by Goldman Sachs Group Inc., investors also pondered just how unprecedented the selloff was -- and whether there’s more to come.
The sales lit up trader chat rooms from New York to Hong Kong and were part of an extraordinary spree that erased $35 billion from the values of bellwether stocks ranging from Chinese technology giants to U.S. media conglomerates.