A Squeeze Or A Rally? Goldman Increasingly Doubting Its Bullishness (Time To Buy?)

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Wed, 06/23/2010 - 11:31 | 428859 Muir
Muir's picture

___

 

BUY! buy buy!!!

 

___

 

Still trying to outsmart me,
aren't you, mule skinner?

   
                  
You want me to think that
you don't want me to go down there,...

   
                  
...but the subtle truth is you really
don't want me to go down there.

 

__

Wed, 06/23/2010 - 11:20 | 428866 teaddy bearish
teaddy bearish's picture

come on guys who still listens to theses crooks ???

Wed, 06/23/2010 - 11:29 | 428891 Careless Whisper
Careless Whisper's picture

apparently they're having problems with the bp unsecured bond offering. delayed because they're still working on the prospectus. puhhleeze.

and since its a rather slow trading day, i bring you this news item:

http://www.villagevoice.com/slideshow/the-boys-of-mtvs-jersey-shore-3016...

 

Wed, 06/23/2010 - 11:54 | 428971 teaddy bearish
teaddy bearish's picture

why did you send me a picture of naked boys with two pounds of make up on each nipple, it is not because i am europeen that i suck cock

 

and if you are bored by this slow trading day , may i sugest you to this instead

 http://www.snotr.com/video/4607

 

Wed, 06/23/2010 - 11:26 | 428885 bugs_
bugs_'s picture

Could Goldman be right this time?

Wed, 06/23/2010 - 11:28 | 428889 firstdivision
firstdivision's picture

Shit, closing out my shorts and going long.

Wed, 06/23/2010 - 11:31 | 428895 Mikebrah
Mikebrah's picture

Well, volume has disappeared...so I guess it's off to the races for the SPY

Wed, 06/23/2010 - 11:35 | 428915 MarketFox
MarketFox's picture

Wow GS is getting really desparate.....

Stating the obvious "after the fact".....

And for sure one knows that the trading facility which never loses must be looked at with a slightly larger legal magnifying glass.....

Wed, 06/23/2010 - 11:45 | 428944 Young
Young's picture

It's a poker game, they know that no one believes them anymore so they're putting in a bluff for their prop desks. We think they won't follow the advice so they choose the direction they want to push it. Watch AAPL (crumbling today) and USD...

Wed, 06/23/2010 - 12:02 | 428997 n2dark
n2dark's picture

ignore what gs says ... in fact ignore what everybody says and just take a look at the data

 

my 2 cents on the highly debated issue of 'low volume': even with roughly equal volume in down as well as up days, the fact that in spot markets hft can only take advantage of the positive spread and up to 70% of volume on todays stock markets is hft, how should one look at the actual volume on the down days vs up days ?!

Wed, 06/23/2010 - 12:09 | 429023 jkruffin
jkruffin's picture

After studying GS analyst calls for years, this means sell.  It is not the normal contrarion type release we usually see. Expect market to go much lower.

Wed, 06/23/2010 - 12:11 | 429030 Chemba
Chemba's picture

When will it become apparent to everybody that there is no such thing as a "Goldman Sachs view"?  Goldman Sachs is comprised of litterally thousands of "businesses", and each one forms their own "view".  This desk likes this, this analyst dislikes that, that desk dislikes this, that analyst likes that.

Dominc Wilson has a point of view.  Big deal.  Jan Hatzius has a view.  So what.  David Kostin has a view.  OK, whatever, who cares.

Goldman Sachs does not have a "firm view" and it does not need one because it does not take large directional positions, as a firm.  Individual "businesses" may take directional positions, but the firm does not.

 

Wed, 06/23/2010 - 18:26 | 430340 Borat
Borat's picture

Finally a good argument!

Wed, 06/23/2010 - 12:23 | 429065 Wyndtunnel
Wyndtunnel's picture

MORAL HAZARD

We all want to win
Cause nobody likes losers
We’ll do anything to win
Anything
Not to be losers

But what about the children?

When you look deep into their eyes
How will you explain all your prevarication and lethal lies?
The way you clamoured for the top
Your shit smeared shoes bending the nose
Of the poor sod beneath you
Your quest for Gold
Desperate to stay ahead of the pace
By any means
To win
Because nobody likes losers
Anything
Not to be a loser

Cause in the end we’re better than that
Better than lazy welfare bums
The petty criminals
The stoopid and the fat
Let them watch television
Surf Facebook and Twitter
There’ll be so much noise
The small people won’t even fight back
As self righteous arbiters
Of moral and financial right
Fleece the nation’s wealth
Hoard it,
Love it,
Drink it,
Smoke it,
Fuck it,

To a billionaire
Cash is not King.

Cash is Crack.

Why keep avarice in check
When consequences become
Inconsequential?
When governments have your back
Ready to print whatever money is necessary
At the expense of the non-voting taxpayers
Underwritten by threats of military attack

Cause we all have to win
Losing is for loser
Better to kill everyone and everything
Than loosen our grip on power
And give the leaches that lick our boots
Even a modicum of dignity
For they are human waste
Good for nothing but to ingest
The lies that we feed them

Fucking losers.

Laugh as they come to realize just how much we don’t care about their puny lives.

We all want to win
We all want to win
We all wnt to win
WE MUST WIN

Winning IS EVERYTHING.

It is the meaning of LIFE.

Until there is nothing left to DESTROY.

Then fulfilled we will DIE

Earth will be cured of its flesh eating disease.
Cosmic heartbeat
Earth swallowed by the Sun.
Then the Sun will EXPLODE

Seeding the stars with the dust of our imagination.

Wed, 06/23/2010 - 12:31 | 429102 dcb
dcb's picture

target entry point on s&P for me isabout 1083

Wed, 06/23/2010 - 12:40 | 429134 TWORIVER
TWORIVER's picture

Patience may get you in at 1070, ES

Wed, 06/23/2010 - 13:06 | 429243 DavidC
DavidC's picture

Hmm, sort of looks as though the bots might be in this afternoon...

Cook a lobster or a frog from cold and they don't realise what's going on...

DavidC

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