Crude Back To Pre-Goldman Downgrade(s) Level

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Fri, 04/15/2011 - 12:27 | 1172838 Josh Randall
Josh Randall's picture

The SQUID got it wrong ? LOL

Fri, 04/15/2011 - 12:34 | 1172887 e_goldstein
e_goldstein's picture

Nah, the squid got it right. They just suckered all their clients to go short so they could get long.

Fri, 04/15/2011 - 12:38 | 1172902 topcallingtroll
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counterparties.  Squid no longer has clients.

Fri, 04/15/2011 - 13:06 | 1172968 BobPaulson
BobPaulson's picture

Excellent point. If they have clients they are certifiable morons because every doubletalk bullshit announcement the Goldmen make is a new Ph.D. thesis in mass psyops mind control and has so little to do with real market expectations it drives one to laughter or tears.

The Goldmen New English Dictionary:

counterparty  (?ka?nt??p??t?) 

— n  , pl -parties: chump, sucker, patsy, target, bag holder, fall guy

Fri, 04/15/2011 - 13:39 | 1173167 malikai
malikai's picture

I loled.

Fri, 04/15/2011 - 16:39 | 1174020 What does it al...
What does it all mean's picture

I could have swore that Goldman downgrade came at about noon Monday, at which the Crude was still 111ish.

Fri, 04/15/2011 - 13:52 | 1173261 the mad hatter
the mad hatter's picture

when a doctor gives bad advice, he gets sued back to the stone age.

when an investment banker rips you off, he gets away with it.


Wall St. justices does not know the meaning of fudiciary duty.

Fri, 04/15/2011 - 19:01 | 1174624 bruinjoe93
bruinjoe93's picture


Fri, 04/15/2011 - 23:02 | 1175199 Quaderratic Probing
Quaderratic Probing's picture

Cause the dip then buy the dip

Fri, 04/15/2011 - 12:27 | 1172839 Id fight Gandhi
Id fight Gandhi's picture

We knew this would happen. Now did gs short then buy or just buy?

Fri, 04/15/2011 - 13:01 | 1172980 BobPaulson
BobPaulson's picture

Just look at the line. If it is going up, they were long. If it is doing down, they were short. If you can be in front of every trade, wouldn't you try to make money off every change?

Fri, 04/15/2011 - 12:26 | 1172848 ZeroPower
ZeroPower's picture

Awfully quiet on the qaddafi front as well... PMs keep truckin, but not buying silver's move due to lack of 52s on the miners. 

Fri, 04/15/2011 - 12:31 | 1172870 SheepDog-One
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I saw a weird video yesterday of Qadaffi traveling around Tripoli in a convertible.

Fri, 04/15/2011 - 12:39 | 1172890 topcallingtroll
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whoever thought an entire government could make for such campy entertainment?

Where is the big buxomed "nurse."

Fri, 04/15/2011 - 12:39 | 1172913 pendragon
pendragon's picture

LOL the appearance with the umbrella barking like a dog in front of a bombed out building was my favorite...clinical insanity

Fri, 04/15/2011 - 12:46 | 1172929 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

If Goldman Sucks could solve the Africa/Middle East tension, then maybe their sellside operation would have been justified, but not even the "Free" World, led by such braggadocious figures like Sarkozy, Cameron, Hill Clinton, and Obama can "solve" the problems.

Fri, 04/15/2011 - 12:50 | 1172940 Rikki-Tikki-Tavi
Rikki-Tikki-Tavi's picture

Most have been a body double - even he is not crazy enough for a stunt like that.

Fri, 04/15/2011 - 14:00 | 1173289 ZeroPower
ZeroPower's picture

Lol. With an umbrella i assume..

Fri, 04/15/2011 - 14:02 | 1173305 ZeroPower
ZeroPower's picture

Lol. With an umbrella i assume..

Fri, 04/15/2011 - 12:29 | 1172854 Rodent Freikorps
Rodent Freikorps's picture

GS clients deserve to die, penniless, in a gutter.

Fri, 04/15/2011 - 12:29 | 1172856 SheepDog-One
SheepDog-One's picture

Always do the opposite of what Greedy Satan says.

Fri, 04/15/2011 - 12:30 | 1172866 cbaba
cbaba's picture

Their customers learned what kind of shitty business they do, now everybody knows what the Squid is so that's why half life is 3 days.


Fri, 04/15/2011 - 12:35 | 1172879 topcallingtroll
topcallingtroll's picture

Godman no longer has clients, just counterparties.

Fri, 04/15/2011 - 12:30 | 1172867 PulauHantu29
PulauHantu29's picture

I am not surprised. Even though you "can't eat oil"...the military sure needs this stuff as Rumsfeld repeatedly said. And next to food, oil is the most important commodity out there. Even BAC now says oil will rise to over $160 by the end of this year.

Fri, 04/15/2011 - 12:33 | 1172873 Cleanclog
Cleanclog's picture

Equities up VIX down.  This means what?  QE3? Energy prices don't matter?  Debt ceiling irrelevant?   Or just that Greece, Portugal and Ireland won't be able to buy oil anymore.  The markets interactions are nonsensical.

Fri, 04/15/2011 - 12:35 | 1172880 d00daa
d00daa's picture

"The market is not pricing in QE3.  The market is pricing in an economic boom, led by the US consumer."



Fri, 04/15/2011 - 12:41 | 1172908 Internet Tough Guy
Internet Tough Guy's picture

Eric King and General Jim are kicking sand in Robo's face again.

Fri, 04/15/2011 - 12:50 | 1172938 lieutenantjohnchard
lieutenantjohnchard's picture

yes! we few, we happy few, we band of silver brothers.

Fri, 04/15/2011 - 12:47 | 1172934 SheepDog-One
SheepDog-One's picture

LOL! Robo took time out of his busy dumpster diving schedule to post the consumer is strong? What does he expect, a boost to food stamp and unemployment check sums?

Fri, 04/15/2011 - 12:56 | 1172963 d00daa
d00daa's picture

I shit you not.  His exact quote.

I will never forget.

Fri, 04/15/2011 - 12:36 | 1172874 topcallingtroll
topcallingtroll's picture

I was afraid that goldman no longer had cred.

I wanted to stay in gdxj at 42 something and jumped out.

I wanted to stay out at 40 something and jumped back in.

Now I have no fucking idea what to do.

Fri, 04/15/2011 - 12:42 | 1172896 Just Observing
Just Observing's picture

Hell, that's easy.  Buy toilet paper, before the next roll size decrease hits along with the price per roll going up.

Not like your aren't gonna need it.


Fri, 04/15/2011 - 12:36 | 1172885 milanitaly
milanitaly's picture

Their eur/usd outlook will go in the same way!

Fri, 04/15/2011 - 12:37 | 1172898 nah
nah's picture

Pay on thru to the other side... Pay on thru to the other side

Fri, 04/15/2011 - 12:38 | 1172905 slaughterer
slaughterer's picture

Silver is getting whacked right now.

Fri, 04/15/2011 - 12:49 | 1172937 SheepDog-One
SheepDog-One's picture

'Silver getting whacked'? Its at 42.68.

Fri, 04/15/2011 - 12:51 | 1172947 slaughterer
slaughterer's picture

Someone just dumped a whole lot of paper.

Fri, 04/15/2011 - 12:56 | 1172961 Rikki-Tikki-Tavi
Rikki-Tikki-Tavi's picture

Is that what your GS sales rep just told you?

Fri, 04/15/2011 - 13:24 | 1173078 slaughterer
slaughterer's picture

GS sales rep told me to buy JULY SLV 7/16/2011 40.00 Puts today when silver popped up to 42.70.    They said that was the pivot. 

Fri, 04/15/2011 - 12:50 | 1172954 NOTW777
NOTW777's picture

which planet

Fri, 04/15/2011 - 12:51 | 1172956 slaughterer
slaughterer's picture

Planet SLV

Fri, 04/15/2011 - 13:02 | 1172981 SheepDog-One
SheepDog-One's picture

Well Ive got a real time chart of everything right here on the split screen...I dont see any silver whacking going on at all, 42.65.

Fri, 04/15/2011 - 13:27 | 1173096 slaughterer
slaughterer's picture

I have $42.55 right now.  Last half hour of NYMEX today was strange, got me worried. 

Fri, 04/15/2011 - 13:03 | 1172986 NOTW777
NOTW777's picture

even SLV is at a high

come back to earth

Fri, 04/15/2011 - 13:37 | 1173169 slaughterer
slaughterer's picture

SLV is not very accurate today.

Fri, 04/15/2011 - 13:00 | 1172974 d00daa
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Fri, 04/15/2011 - 12:40 | 1172906 TruthInSunshine
TruthInSunshine's picture

As much as I despise Goldman & as a much as I value Zero Hedge, this is one of those calls that will turn out correctly for Goldman.

I'm not sure the good v bad or great v epicly horrible call ratio that is expected of Goldman or a similar firm of their slimy ilk, but correct calls have to be something greater than 1% of the time, I would assume.

It is perfectly clear that a very monstrous bubble in commodities is forming.

As for the global monetary base, it's amazing what popping bubbles can do to cremate a good chunk of that fiat in record time when the bubbles-they-start-a-burstin' (see Chinese real estate as of today for but one of many examples).

Fri, 04/15/2011 - 12:50 | 1172953 SheepDog-One
SheepDog-One's picture

Whats the more monstrous bubble, in equities up 100% ONLY due to fiat printing and banker manipulation, or crops down all over the world, real food inflation due to a world awash in BennieBux, and oil in a world war footing?

Fri, 04/15/2011 - 13:16 | 1173045 TruthInSunshine
TruthInSunshine's picture

Demand destruction is a real phenomenom and is vicious when it rears its head.

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