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Euro Plunges, Apparently Entire Continent's Currency Now Correlates With Goldman Regulatory Actions
Oh isn't it ironic that Goldman's Correlation desk is the one calling the shots on the entire market?
And for all those who were kicking themselves for missing the Goldman "bottom", here is your chance to catch a falling chainsaw for the second time.
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Wonders if goldman being "Counterparty M" has anything to do with this.
Eur trying to catch its own tail, stupid fucking mongrel
Where is liesman with his 2nd derivative idiocy. Inventory build delta slows dramatically, consumer spending up on nondiscretionary items like fuel and food while the income numbers revised down last month to make this month look pretty while the saving s rate dips to 3.1% from 3.9%. CNBCetards spitting effusive praise for the "wealth effect" of rising markets failing only to mention that it is meirroring the rising NPLs at the banks - those left off the sequential improvement. Keep washing that money into the complex via the FICC line - apparently the Continental banks are simply not as good at obfuscating and looting under the banner of superior trading results in FICC (with less VaR of course). Talk about "gold" ilocks
"And for all those who were kicking themselves for missing the Goldman "bottom", here is your chance to catch a falling chainsaw for the second time."
How about juggling chainsaws? Seen in slow motion.
http://www.youtube.com/watch?v=PbMvxLRdpm0
Nope, only falling chainsaws will do
http://www.youtube.com/watch?v=z1uUru2ikEs
Classic!
I didn't even think of this while considering chainsaw references. Which means Dear Sir that you are the American Psycho and I am "normal". :>)
Its the $120b+ Greece package that is going to be announced at 16:00 CET on Sunday.
That Greek package looks like it is indeed enlarged, and will be painful for some time. Unfortunately, it does look like it is contagious, too:
http://www.nature.com/nrurol/journal/v6/n6/thumbs/nrurol.2009.80-f1.jpg
That was ENTIRELY unnecessary.
Aiiigh! Admittedly there was fair warning in the body of the comment, but Geez. Blargh.
Ironically, gold may take a little hit before it's resumption to $1375 when that news breaks.
Truth,
Yep,look for a 10% swing off this Euro screw up........
And, of that figure, WE are giving 100Bln of it...WE.......is that the shits or what?.
Talk about Bail Out's, hell we are 10x's worse than Europe!
I think Goldman has tons of Credit Default Swaps on Greece, Spain etc.
Trying to cash them in while they are still in Business. At least their Billions of profits will help pay their Legal Defence Fees.
P.S. I have wondered just how much influence Goldman has over the Credit Reporting Agencies
I gotta say, I never thought I'd see the day Goldman would be down nearly 14 and the Dow -9. Seems pretty miraculous. I really thought we might be heading for a disaster of a day. I guess the "Greece is saved" announcement is more motivating. Odd though.
The dow is only down 60 as I type this.GS is in wonderful shape..what could possibly go wrong?
There are examples of companies that were investigated and charged we can look at to see how trivial a bother this is to GS.Drexal Burnham and Arthur Anderson...
GS=FAIL
This could be interesting as the algos from hell "in the wrong hands even manipulate the markets" get unleashed in a frenzy of power demonstration.
Interesting times we find ourselves in!
The market ends down 158 points, GS down 15 points or nearly 10% hit for GS.
Gee, I didn't see that coming.....
How can this happen? GDP knocked it out of the park!!! The consumer is BAAAACK!
ah, but never forget those nasty downward revisions in the weeks to come!
Goldman will be going private is what some of the market analysts on financialsense.com were prognosticating. I remember reading one opin that they'll drop to around $130 before doing so. American public will be sold on what a good job our gov't did cracking the whip on Wall St. in an effort to get votes for November's elections and to divert our attention from the stinkin' health care reform....oops, meant on-going theft from the middle class.
Wonder how repaying that tglp debt and relinqueshing their holdco charter factors into the MBO model
OK. But as what ... a bank or an investment bank. The investment banking model is dead for public companies. Maybe not for private companies as one cannot short the company's stock.
Let's just see how much they want to put up THEIR own money to go private when it becomes clear that their much-vaunted reputation is in the *hitter...
Anyone want to trade Lloyd departing (to spend more time with his family- hehe) Goldman:
http://www.intrade.com/jsp/intrade/common/c_cd.jsp?conDetailID=720916&z=1272643417196
lizzy,
Haven't talked to you in a while. Nice to see your pretty curls around.
You come up with the most amazing references. I'd completely forgotten about InTrade.com
Clients of Bernie Madoff got statements in the mail showing how wealthy they were. Well, your brokerage account is no different. Hard to believe as it is, things aren't worth what you believe they are worth. This is not well known now, but it will be well known two years hence.
Still short both these bitches.
Heading for support!!!
"Over half of Greeks will take to the streets against new austerity measures"
Just givvus your money for free
The only real question is: When does the rest of the financial sector follow GS down to the abyss?
Wells and Wachovia know full well that the SEC is coming for them next. The shredders are likely running 24/7. But it won't help. The paper trail is fantastically detailed.
It's almost certainly too soon to call a top on the S&P, but I don't think it's too soon to call a top on financials. This fire is only starting to burn.
That chart reminds me of those old black and white movies of Acapulco cliff divers.
Party on.
http://www.youtube.com/watch?v=QU0SwYK0vco
The mud is getting thicker for GS:
Derivatives reform would cost GS 41% of
earnings, says study
http://www.huffingtonpost.com/2010/04/30/derivatives-reform-would_n_5584...
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Derivatives Reform Would Cost Gol
Chinese yards facing flood of cancelled orders
EUROPE’S continued economic woes could precipitate a new flood of cancelled orders at Chinese shipyards, a top shipbuilding official in Beijing has warned.
http://www.lloydslist.com/ll/news/chinese-yards-facing-flood-of-cancelle...
Da Rules say Lord Blankfein must resign. Happened on his watch. Done, done, done.
That chart is a scary amount of correlation. I'm totally freaking out.
But... one is a daily chart and the other is three months. Am I missing something?
Looking at some AUG 180 calls. If they get a slap on the wrists, there's nothing preventing GS from surging to above 160
Goldmans is the big fixer for the Western banking system. Thats why they have been able to get away with things for so long and why financial pundits and traders try to say and think happy thoughts about Goldman. It's because they are always going to be the fixer or on the other side of majority of the deals.
come on don't any of you guys trade. siince computers do most of it, day and and out there is great overlap between the pattern on most traded securities intra day.
when the euro was dropping in the us as the s&P went up the euro was going up intra day. it made so sense
who the hell was buing the dropping knife day in and out
they say 40% of a stocks movement is due to overall market movement. so big afternoon sell off are most likely to be seen across the board. unless it is some real non correlated asset.
you can even see some things the same in tlt and spy within a wave form. yesterday they were almost an exact inverse.
the market is one big joke