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Goldman Selling Several Thousand S&P Large Contracts @ 1177

Tyler Durden's picture




 

Straight from the pits, to Bernanke's ears.

 

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Thu, 04/01/2010 - 10:27 | 282954 Cognitive Dissonance
Cognitive Dissonance's picture

Sell, buy, whatever. As long as the fire hose is turned full on and over flowing with liquidity and the music is still playing, just call me a dancing fool. 

I've got dance fever.

http://www.youtube.com/watch?v=QPPd8htmVYE

http://www.youtube.com/watch?v=FDXM88I2_vI

Thu, 04/01/2010 - 15:05 | 283380 AnonymousMonetarist
AnonymousMonetarist's picture

If you want to be a dancing fool CD, here's a good start ...

http://www.youtube.com/watch?v=-mVCuUE6hhs

Thu, 04/01/2010 - 10:23 | 282955 Alex Lionson
Alex Lionson's picture

Impressive

Thu, 04/01/2010 - 10:24 | 282956 Cursive
Cursive's picture

Why would they do that?  We're going to SPX 1300!  Right?  A chicken in every pot and every man a rich investor!

Fri, 04/02/2010 - 00:07 | 283962 Fidel Sarcastro
Fidel Sarcastro's picture

"Why would they do that"...are you kidding me?  GS has MORE information than anyone. 

GS is like Chuck Norris: it doesn't react to the market; it roundhouses the market until it succumbs the whims of the squid.

1) GS "almost" sold a few thousand but what it did sell was the high of the day. Is this a conspiracy?  OF COURSE NOT!!

2) GS, however, DID set the high of the day.  Any link to the following?

3) GS lowered it estimate of the NFP report, and yes this came out before 77-even traded.

4) ...HOWEVER...GS also downgraded a heretofore darling of the shit-for-brains lame stream media, RIMM, which certainly WOULD affect the market.

5) It most certainly did...which was AFTER the squid had sold a shithouse full at 1177.00.

6) It may have been just "a trade"....but can you sell thousands of bigs KNOWING what "The House" will do in a few hours (downgrade RIMM) & thus profit from it?

FELLAS...not all of the headlines from Tyler are earth shattering revelations - but can be beneficial to a trade. 

Are you traders - or a bunch of sissy whiners???  Don't you want timely info?

Thu, 04/01/2010 - 10:26 | 282961 Racer
Racer's picture

Selling?  What does that word mean?

Thu, 04/01/2010 - 10:26 | 282962 fuggetaboutit
fuggetaboutit's picture

Maybe they noticed the inventory metric within ISM data jumped to 55.3, the highest reading in over 20 years.

As a comparison, at the peak of the dot com absurdity, the highest the inventory reading got to was 52.3

But hey, we have several more quarters of strong growth as we restock inventory, right?

Ofcourse we do, ofcourse we do

Thu, 04/01/2010 - 10:58 | 283025 A Man without Q...
A Man without Qualities's picture

It's going to sit on the shelves as nobody will be willing to pay the $10 a gallon it cost to drive to the shops.

The market feels almost euphoric today and I bet the big banks are happy to sell into this.

Thu, 04/01/2010 - 10:28 | 282966 Traianus Augustus
Traianus Augustus's picture

Are they selling puts or calls??????

Thu, 04/01/2010 - 10:29 | 282967 Justin Credible
Justin Credible's picture

Doubt their short, just starting to unload the million (financed by you, sucker) they've accumulated in the last 12 months.

Thu, 04/01/2010 - 10:30 | 282968 qp
qp's picture

just hope it's not like the call they made on the €uro

Thu, 04/01/2010 - 10:37 | 282979 tenaciousj
tenaciousj's picture

Which one, the first or the second?  Oh, wait.. BWAHAHA

Thu, 04/01/2010 - 10:37 | 282981 Al Huxley
Al Huxley's picture

The call on the Euro was suggestions to their clients.  Thats totally different from what they do on their own account.

Thu, 04/01/2010 - 10:30 | 282969 ratava
ratava's picture

who cares when God is long America!!!1

Thu, 04/01/2010 - 13:36 | 283220 tmosley
tmosley's picture

Evil will always win because good...is dumb.

Thu, 04/01/2010 - 10:31 | 282970 Rogerwilco
Rogerwilco's picture

Whatever. Looks like Buyers still outnumber sellers by a good margin. Our point of view is that of a pin ball. GS sees the board and runs the levers

Thu, 04/01/2010 - 10:33 | 282975 4shzl
4shzl's picture

Our point of view is that of a pin ball.

LOL.  +1

Thu, 04/01/2010 - 10:33 | 282974 nonclaim
nonclaim's picture

Another "$100 million day" notch in the calendar. That's all folks.

Thu, 04/01/2010 - 10:35 | 282977 Don Mattingly
Don Mattingly's picture

Puts? Calls? Short? Long?

Thu, 04/01/2010 - 11:40 | 283087 gmak
gmak's picture

They sold Spoos. S&P futures. The real big ones, not the e-minis.

Thu, 04/01/2010 - 10:36 | 282978 chindit13
chindit13's picture

When someone sells that much at 1030am on the day before a holiday, they probably are not yet done.  I would look for another batch once the market shakes off the initial blow and moves higher again.  Also, Goldman must have at least one customer left, so maybe it's not in house.

Thu, 04/01/2010 - 10:37 | 282982 Headbanger
Headbanger's picture

Party out of time. Look out below.

Thu, 04/01/2010 - 10:40 | 282988 jedwards
jedwards's picture

I smell a trap.  At this point, it's pretty clear that you never listen to what GS tells you directly.  

 

GS knows exactly what they're doing by selling in the pits.  Maybe they want to shake down the markets and then buy back ahead of the jobs numbers.

Thu, 04/01/2010 - 10:42 | 282993 zenon
zenon's picture

So far all assets have risen together. But now, it seems the joke is over and PM's & oil have broken out for real. Now we'll see how stocks perform with oil heading for $90 and with gold going who knows how high. Oh, I forgot, the LBMA is going to supply wadzillions of ounces of "physical" fully backed by GLD certificates.

Thu, 04/01/2010 - 10:43 | 282994 Modus
Modus's picture

how can u be sure they actually did that? some evidence would be useful...

Thu, 04/01/2010 - 10:43 | 282995 AG
AG's picture

IT'S APRIL FOOLS DAY!!!!

 

Thu, 04/01/2010 - 10:44 | 282999 HarryWanger
HarryWanger's picture

Where does this information come from? Just curious.

Thu, 04/01/2010 - 10:48 | 283008 N Rothschild
N Rothschild's picture

it was 1000 they offered, not several 1000. and could be on behalf of a client for all you know..these posts are awfull!

Thu, 04/01/2010 - 11:01 | 283030 Dixie Normous
Dixie Normous's picture

Bingo.  This kind of "info" taken out of context means nothing.

Thu, 04/01/2010 - 10:50 | 283011 yoodman_jimmyy
yoodman_jimmyy's picture

10Yr / 30Yr auction announcements will crush bond, and subsequently equities ... reason for GS selling?

Thu, 04/01/2010 - 10:50 | 283013 bugs_
bugs_'s picture

Could Goldman be right this time?

Thu, 04/01/2010 - 10:58 | 283018 cocoablini
cocoablini's picture

Here it comes?

When the complicit banks start hitting 11,000 DOW on their longs, they start unloading on the late-to-the-party hedge funds,retail buyers and so on. On the meltup, the banks transfer their forced buys(from 7 months ago) to common momentum investors at a huge profit. Mutual fund cash is now 100% deployed apparently.

During the melt up, any event that normally will bring down the market, might just crash it because the latecomers panic and dump. Maybe the "mysterious" exchange shutdowns, lost information on orders,breakers can prevent a massive crash off.

Look for 12,000 DOW-look up below!

Thu, 04/01/2010 - 10:54 | 283021 the grateful un...
the grateful unemployed's picture

Main Street response: Cramer said, sell sell sell

Wall Street, CNBC response: A little profit taking

Goldman, US Treasury response: We are the renter class, you pay us rent for the use of your money.

 

Thu, 04/01/2010 - 11:01 | 283029 dudley
dudley's picture

I am not defending government intervention but at this point they also know a frothy stock market isn't good long term either.  So it would make sense if the PPT sold something here and began to change the chart pattern from its steep uptrend to more of a consolidation.  Maybe they gamed the big S&P shorts into financing the fed a little ?

Thu, 04/01/2010 - 11:02 | 283032 john_connor
john_connor's picture

I love ZH calling out the squid's trades.

Thu, 04/01/2010 - 11:15 | 283050 Wheatman
Wheatman's picture

This market is smoke and mirrors, vanity, a chasing after the wind. It will deflate in terms of wheat.

Thu, 04/01/2010 - 11:20 | 283057 Thalamus
Thalamus's picture

Those are most of the contracts purchased in the pre-market.  Nice somebody is finally able to track their manipulation.  I think any of us could make billions a day if we were given huge resources and permission from the government to make things go a certain direction!

Thu, 04/01/2010 - 11:29 | 283070 buzzsaw99
buzzsaw99's picture

No great mystery. They are selling because they can.

Thu, 04/01/2010 - 12:04 | 283106 CookieMonster
CookieMonster's picture

Distribution might take a few weeks. Nothing goes straight up or straight down forever. MarketWatch article is brainwashing people to get used to higher interest rates - buy more equities!!!!

Thu, 04/01/2010 - 12:16 | 283120 HEHEHE
HEHEHE's picture

"But hey, we have several more quarters of strong growth as we restock inventory, right?

Ofcourse we do, ofcourse we do"

 

Just like they can continue to boost the bottom line by continuing to layoff workers.  This thing has gone up for one reason only, liquidity.

Thu, 04/01/2010 - 12:56 | 283168 banksterhater
banksterhater's picture

Anyone notice Bloomberg crawler "Fink/Blackrock snubs "socialization" of money-funds

(the trial balloon floated to drain mm mutual funds) ***BACKED BY GOLDMAN***"

Who would have guessed? Any pot of deposits, the Squid wants it, to exploit it for their "rightful gain".

Thu, 04/01/2010 - 13:12 | 283195 Rick64
Rick64's picture

I doubt that this means too much, probably recycling some money. Q1 ended up and now we can have a little sell off, only to be ramped up again.

Mon, 04/12/2010 - 04:38 | 296092 mark456
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