Goldman Q1 GDP Imminent Downgrade Warning Gets Louder: "Significant Downside Risk To Our Q1 GDP Estimate Of +3.5% "

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Mon, 03/28/2011 - 09:20 | 1108283 jkruffin
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I guess that means there is significant downside risk to their 1.50 EUR/USD call as well  LOL

Everyone knows trade against Goldman to make money.

EUR will revisit 1.20 as the PIIGS default.

Mon, 03/28/2011 - 09:32 | 1108318 aint no fortuna...
aint no fortunate son's picture

well, within seconds of the news they took the dollar out and shot it... EURUSD about to break out to HoD

Mon, 03/28/2011 - 11:01 | 1108603 oh_bama
oh_bama's picture

Good opportunity to BTFD if it misses!!!

  • If it misses you know for a fact that Japan and weather are to BLAME!!
  • If it misses the chances of QE3 will shoot UP!!
Mon, 03/28/2011 - 09:22 | 1108293 Cdad
Cdad's picture

The report therefore implies significant downside risk to our Q1 GDP estimate of +3.5% qoq annualized.

Translation...prepare for Goldman to sell the piss out of the market.  You are now officially on the other side of the trade from us...and you are warned.

I wonder how the rubes at Morgan Stanley feel this morning, having just upgraded every last thing they could think to upgrade...just this morning?

Mon, 03/28/2011 - 09:24 | 1108303 unwashedmass
unwashedmass's picture

was there ever a doubt that goldman wouldn't work like demons to fuck everyone -- even their clients -- once again?


Mon, 03/28/2011 - 09:24 | 1108295 SheepDog-One
SheepDog-One's picture

The bulls on the bus speeding to the cliff edge let out another loud whoop and cheer! Gotta be good for stratosphere P/E discount travel stocks!

Mon, 03/28/2011 - 09:23 | 1108299 So Close
So Close's picture

Does anyone know where to find a GDP numner that back out REAL quaterly inflation?  Also.. how about a GDP number with a ratio to the amount of new money that was printed in the same period?

Mon, 03/28/2011 - 09:25 | 1108301 99er
99er's picture


IH&S target 1572.5.


Mon, 03/28/2011 - 09:24 | 1108302 monopoly
monopoly's picture

Do not trade this insanity. Like my gold, silver and not concerned about dips. Physical just fine for me.

Mon, 03/28/2011 - 09:28 | 1108308 Tense INDIAN
Tense INDIAN's picture



Getting the BIG picture right.


Will get an update in the BIG picture within this week::

Mon, 03/28/2011 - 09:28 | 1108312 Spalding_Smailes
Spalding_Smailes's picture

But, but, but ....... With all the black swans why is Gold going under 1,400 again ? 


Lear Capital, Turd anyone.... why is it off like pong again ?

Mon, 03/28/2011 - 09:31 | 1108316 Johnny Lawrence
Johnny Lawrence's picture

You're just as bad as a permabear.  When you become emotionally involved in an investment, you miss out on opportunity.  You've missed a huge run in the PMs because you slam your fingers down on your keyboard when typing about gold and silver.

Mon, 03/28/2011 - 09:39 | 1108332 Spalding_Smailes
Spalding_Smailes's picture

No, no, no I was promised QE 3, 4, not 5, not 6...... Turd is closing down the blog if we don't hit $1,650 in 12 weeks ( he promised after Sinclair gave him the green light )..... With the middle east, the dollar reserve status going the way of the doe doe bird, Japan, Gold should be over 1,500 today, all the new swans in the house ...

What gives ? This should all be priced in the market is always looking forward ...


Maybe like I have been saying , no QE coming .... Wooooooooooooooooooosssssssssh....

Mon, 03/28/2011 - 09:39 | 1108345 SheepDog-One
SheepDog-One's picture

The Smailes kid mocks PM's which have seen doubles, while touting his stocks which adjusted are still down at 1999 levels. The Smailes kid aint too bright.

Mon, 03/28/2011 - 09:48 | 1108363 Spalding_Smailes
Spalding_Smailes's picture

Dog, Gold has not done shit since Oct 20th of last year............ With the dollar crash looming, QE3 MUST HAPPEN, Egypt, Bahrain, Japan printing, Portugal, the Debt Ceiling, fallout in the USA, when does this get priced in ?


Like I said Gold has done shit since I started posting my housing bubble quotes 5 months ago .....

Mon, 03/28/2011 - 09:50 | 1108377 SheepDog-One
SheepDog-One's picture

More printing will save the dollar? Oh I see.

Also, stocks havent done shit since 1999.

Mon, 03/28/2011 - 09:53 | 1108386 Spalding_Smailes
Spalding_Smailes's picture

I tossed out 25% runners over the last 5 months.... You could have made money hand over fist trading.....

Exxon Mobil, US Steel, Rimm, Nividia, ect .... Make your 20% then take your profits .... Simple.

Mon, 03/28/2011 - 09:53 | 1108393 SheepDog-One
SheepDog-One's picture

Uh huh, more rear view mirror trading prowess.

Mon, 03/28/2011 - 10:02 | 1108399 Spalding_Smailes
Spalding_Smailes's picture

Nope, everyone on ZH seen my post ..... Everyone..... Zeus, Gluu, Mpel ......


Wait, I forgot, it was Blythe ..... Thats the ticket ..... Always a scapegoat, maybe I should watch the new bears  video again ..... 


Mon, 03/28/2011 - 10:30 | 1108483 SheepDog-One
SheepDog-One's picture

Yep and using rear-view trading theory if you'd only bought thousands of 60 puts on RIMM early last week youd be a gazillionaire. People can be myopic as they want in their claims 'the stock markets are only up' but in reality many stocks have plunged, many sit at 52 week lows not highs. But trade what you want, just dont try to say PM's are some kind of beaten down laggard poor performer.

Mon, 03/28/2011 - 12:24 | 1109002 GoinFawr
GoinFawr's picture

@ SS "But, but, but ....... With all the black swans why is Gold going under 1,400 again ? "

Gold went under 1400? I musta blinked...

Oh, I see, 'is...going', your ol' mantra.

Heh, how wrong have you been on that one for ages, hey? Time for a new religion mb?

Mon, 03/28/2011 - 09:29 | 1108313 RobotTrader
RobotTrader's picture

You would think that after gold tripled in price, NEM would be the stock in the S & P 500 trading at $500/share.


It's PCLN, a travel and leisure stock that is printing near $500.

And William Shatner is laughing all the way to the bank, while Jim Sinclair and Peter Schiff are left behind scratching their heads.

Amazing times.

Mon, 03/28/2011 - 09:41 | 1108348 lieutenantjohnchard
lieutenantjohnchard's picture

only in the dingy, dark, cramped quarters of a 600 square feet apartment overlooking some los angeles hell hole freeway would somebody reach the conclusion that after 10 straight years of gains for gold bullion and a 120% increase in the price of silver in the past year or so that sinclair and schiff are scratching their head at the performance of their holdings.

Mon, 03/28/2011 - 10:29 | 1108486 SheepDog-One
SheepDog-One's picture

LOL, thats ol catfishmouth for ya!

Mon, 03/28/2011 - 09:32 | 1108315 dogismyth
dogismyth's picture

Congratulations - YOU WON!!


This is not a joke.

Mon, 03/28/2011 - 09:33 | 1108320 zaknick
zaknick's picture

"For our struggle is not against flesh and blood, but against the rulers, against the authorities, against the powers of this dark world and against the spiritual forces of evil in the heavenly realms. Therefore put on the full armor of God, so that when the day of evil comes, you may be able to stand your ground, and after you have done everything, to stand." Eph 6:12-13

Sound familiar? The 666 banksters own you and your family's world, bitches!

Mon, 03/28/2011 - 09:36 | 1108325 equity_momo
equity_momo's picture

When did Goldman downgrade GDP last year? post flash crash but pre QE2 i belive - anyone have a specific date.

Mon, 03/28/2011 - 09:36 | 1108326 NoBull1994
NoBull1994's picture


Mon, 03/28/2011 - 09:38 | 1108336 Silverhog
Silverhog's picture

If you want to drown yourself in Kool-Aid, here is cnbc's glowing assessment of the world economy.

Mon, 03/28/2011 - 09:37 | 1108337 Seasmoke
Seasmoke's picture

liars or idiots....take your pick

Mon, 03/28/2011 - 09:41 | 1108346 dogismyth
dogismyth's picture

idiots are easier to assfuch, liars say they want more.

Mon, 03/28/2011 - 09:40 | 1108350 ziggy59
ziggy59's picture

doesnt matter... The Eveready Bunny Took Viagra this mornig..theDow keeps going and going and going..

Mon, 03/28/2011 - 09:41 | 1108351 dick cheneys ghost
dick cheneys ghost's picture

I dont see how the GDP can grow....the States are cutting to much under enormous financial pressures.

Mon, 03/28/2011 - 09:47 | 1108367 gigeze787
gigeze787's picture

CNBC (0947 ET): Pseudo-economist Lies-man reports JPM now forecasting a "short-term" global decline in manufacturing, followed by a (perma-bull) sharp bounce-back...

Mandy's panties still dry...

Mon, 03/28/2011 - 10:01 | 1108409 BennyBoy
BennyBoy's picture

Thank god GS is all for QE3!

Mon, 03/28/2011 - 10:09 | 1108431 slaughterer
slaughterer's picture

GS would need to sell the market off in accompaniment to this downgrade in order to underline the graveness of the situation in order to justify Ben extending QE measures.  Hard task to accomplish given where the dollar is going.  Maybe they can accomplish it in tandem with JPM by crashing commodities, which would give Ben a nice entry on his inflation targets.

Mon, 03/28/2011 - 10:43 | 1108536 Cdad
Cdad's picture

GS would need to sell the market off in accompaniment to this downgrade in order to underline the graveness

Selling is already underway.  I have observed four very distinct waves of program selling already this morning.  

Both the US dollar and Vix futures have commenced schizophrenic behaviors.  Soon, it will become clear to even the rubes over at Morgan Stanley that there is more short term money to be made in counter trend rallies than to pump the S&P another 20 points via upgrading of stupid long equity ideas.  The Vix fell 40% last week...and it can rise 40% this week on the preponderance of Black Swans freakin' everywhere blocking out the freakin' sun, even.

Or, I guess, you can go with the E. Burnett adorableness catalyst and buy the heck out of UnicornDew futures...aka the S&P.  

Mon, 03/28/2011 - 10:54 | 1108572 Cdad
Cdad's picture

Oops...make that five waves of selling.  That last one actually left a mark.

Mon, 03/28/2011 - 11:02 | 1108608 Cdad
Cdad's picture

Well well...wave number six of selling now...and it seems to have broken the market's stride.

Mon, 03/28/2011 - 10:11 | 1108434 johngaltfla
johngaltfla's picture

When Goldman stops believing the BEA/BLS statistical LSD reports, I perk up.....

Mon, 03/28/2011 - 10:16 | 1108443 nah
nah's picture


Mon, 03/28/2011 - 10:18 | 1108451 slaughterer
slaughterer's picture

Tyler, the Hatzius/GS about-face is playing out exactly as you have been predicting it all along.  Hatz off!

Mon, 03/28/2011 - 10:32 | 1108500 SheepDog-One
SheepDog-One's picture

As long as they can manage to pop the DOW +40, most all are totally fooled by it. Amazing!

Mon, 03/28/2011 - 10:33 | 1108505 Caviar Emptor
Caviar Emptor's picture

Yup. It ain't no boom. 

And after all those trillions printed, all the rules they changed, all those companies they saved, daily intervening and tweaking and cheerleading and pumping, $7 Billion of QE daily, Bernanke puts and globally coordinated bailouts.....

After 3 years of a grueling, non-stop Holy Crusade to resurrect Wall Street: We got almost no victories for the real economy, and lots of defeats (housing, employment, real incomes, cost of living...) And the closets are beginning to overflow with skeletons, the carpet is getting mighty bumpy with all that's been swept under it. 

Mon, 03/28/2011 - 10:51 | 1108562 Cdad
Cdad's picture

LOL!  This just in @ the Ministry of Truth [CNBC].  A female criminal syndicate Wall Street banker just declared that company executives are extremely optimistic.  Then, said syndicate banker moves on to how jobs will not be returning because of productivity gains.

So...if you follow...because execs are optimistic [having sold the crap out of their shares relentlessly for months now], and because jobs are not coming back [corporate costs will not be rising]...what? UniconDew futures?

WTF?  Did The Street suddenly go on an all fluoride diet?  It is amazing how stupid this class of people really has become.  Brain damage.  There is no other explanation for bankers who go on TV. 

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