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Sudden Weakness In Goldman Sends Market To Day's Lows
We are trying to get to the bottom of the sudden weakness in Goldman, but hearing it has to do with the Barclays regulatory call which is ongoing. If readers have more info, please share.
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As goes goldman so goes the market? Really its come to that?
Looks like they win.
Considering the carnage, GS has "held up" reasonably well. Since everyone is implicated, everyone wins. The GS short covering is gonna be a b*tch.
Eurobonds 6 months ago.
Sorry, that's what's pulling CITI down, not GS. 200 billion, so CITI is running into a loss of 26 billion as we speak.
Ouchhhh, like ET would say...
Fat tentacle...
that gave me a good chortle
Too funny!!
In other news, Greece forsakes Piper Ben Goldman
stiffs creditors
and becomes a poor yet honest boy
Did I say, all? No! One was lame,
And could not dance the whole of the way;
And in after years, if you would blame
His sadness, he was used to say, --
"It's dull in our town since my playmates left!
I can't forget that I'm bereft
Of all the pleasant sights they see,
Which the Piper also promised me;
For he led us, he said, to a joyous land,
Joining the town and just at hand,
Where waters gushed and fruit-trees grew,
And flowers put forth a fairer hue,
And everything was strange and new;
The sparrows were brighter than the peacocks here,
And their dogs outran our fallow deer,
And honey-bees had lost their stings,
And horses were born with eagles' wings;
And just as I became assured
My lame foot would be speedily cured,
The music stopped and I stood still,
And found myself outside the hill,
Left alone against my will,
To go now limping as before,
And never hear of that country more"
STFU Lloyd!!!
http://www.youtube.com/watch?v=5UMAbwI5bF8
Goldman uses Skynet for trading. Maybe the big drop might have short circuited skynet and ran GS into a mayor loss?
All computers went haywire remember?
Goldman losing? Hard to believe.
If GS suffered a loss they would figure out a way to pass it on to someone else...
I need to take a speedreading course. I can't keep up with all the static.
Think I'll just await catastrophe instead. Go mess around. Slack.
60 cents on a $140 stock is "sudden weakness"? That's ridiculous.
It is just the momentum of Mccain/Cantwell amendment aka Volcker Rule gathering steam. We have seen this with real audit of fed and too big to fail amendment. Push markets down hold equity holders hostage and have the legislation fail.
Wash, rinse and repeat as Robo so eloquently says.
Looks like they Stick Saved it.....
To avert a catastrophe and avoid ruining a weekend at The Hamptons
Maybe they heard they had to many days without losses and are staging a "loss." Stick some of your clients with the bag, but get the "big boyz" out of harm's way. Alternate, the big boyz take a hit to their stocks, for the kabuki theater show, but are told it will be made up to them later.
+1
What's there to explain?
Go Go PPT....
PPT ALERT!!!! Here they come!
Can we call an SEC investigation into the 60 point upward DOW burp in less than 30 seconds? hahaha this is comical to watch.
Damn - minus 160 with 3 mins left.. Every point the DJI goes up the taxpayers are out millions..
Pfft - and just like that the DOW is nearly 80-points off its lows of the day in the last 20-minutes of the trading week.
The PPT - it's RampTastic!
The reputation of the markets is dropping like a shot. The reason the market doesn’t respond to It’s all fixed any longer, is that investors don’t trust Bernanke, the politicians, the PPT, and their controlled ramp-up machines anymore. And at the end of each day, everyone says: They cheated again.
The repercussion ahead is a weaker and weaker position for Bernanke and his pals; it makes them look like cheaters, which is what they are.
Perhaps these puppet masters of the equities market are happy with their near 80-point ramp today but in my view, the day is a skirmish in a public confidence war that the owners of the financial system are losing. The investment bankers can keep stealing from the economy as long as only a small section of the population understands what they are doing. But what’s in store for them when every investor who is paying attention knows that the people with the speedy transaction machines have their fat fingers on the scale? When critical mass arrives – the point at which there’s no confidence at all in the stock market – the bankers will be exposed and the real economy, not the Dow Jones Industrial Average, will take over.
Day after day, Bernanke, Blankfein and the rest continue losing the public relations war-- from the conservative blogs to the Huffington Post. In an example today on HuffPo, Dean Baker writes: “While it may not be the job of the Chairman of the Federal Reserve Board to deceive Congress to advance the interests of the big banks, apparently no one has informed Ben Bernanke of this fact… It seems that Bernanke is again in his ‘fool Congress’ mode.” The headline: “Will They (Congress) Get Fooled Again”?
Markets have no reputation. "Markets" are not to be personified. It is participants therein, regulators thereof that deem or fail the quality of reputablity.
Here is what I had posted in Jan 10 about Benny:
Things will go so wrong, that BSB while trying to plug one hole many others will start leaking.
It is 3:30 am on a Wednesday 201? and while thinking hard for his next move, he realizes that he is facing a check mate. He drops his queen.
His final solution? His glock 40. A templar shot angling upwards 23%.
The PPT is losing some of their Mojo - I thought for sure they would keep it about 100 points down on the Dow..
How about that "V-Bottom"????
See you guys at The Hamptons!!!!
LOL....
Pay me in Euros only!!!!
LOL.....
One thing that was higher today was Ms Lee's hemline.
With Ms Drury being at US HQ,its really getting the ladies competitional "animal spirits" to come out.
That Blue number really got the FMT's on the long side....
44 secs Grasso goes all in.
http://www.cnbc.com/id/15840232?video=1494238575&play=1
The dress may be OK. It will keep you from looking at her face. Seems that she was smashed full frontal facial with an iron skillet. Occasional she shows evidence of once having a brain.
Karabell is a lisping moron.
This isn't a market anymore, it's like a pinball game.
What a total fu<king FARCE!
Everyone should take their ball and go home until this filth crashes for real......
Interesting mixed metaphor. Taking your ball and going home vs the pinball machine.
To take your ball and go home you have to break the glass. You may be onto something.
Goldman was in my building yesterday morning speaking with securities attorneys, but that's uh...all in a day's work? Except that there is no Goldman office in my city, which makes it kinda weird.
Gulfstreams and limos, son. They're everywhere.
- Have a great Friday night everyone !! To all those who will be dancing in the dark.
http://www.youtube.com/watch?v=c0toN8tsnNk
Nice. A toss up between Born in the USA for best album ever or Cyndi Laupers She's So Unusual
Good memories indeed
And why did the Dax futures not fall at all after the normal dax market close? In fact they are now up about 1% on the close. Is this just another market the fiddlers have gone to now because they see it as another one to front run?
GS is dead. The Europeans want them dead. Oh, the sociopaths who work there will come out fine, they always do. But stockholders? Think Lehman. Think Bear.
Bloomberg continued to show a flash story line that GS credit spreds were widening.
I feel better now
http://www.bloomberg.com/apps/news?pid=20601087&sid=a0J9QoFWks8c&pos=2
Some random observations that connect the dots:
Goldman et al had a "perfect quarter". Well when they win every day, that means Joe Public has to lose every day. So another spin on the headline should have been: "Traders notch a loss each day of Q1, a perfect record"
have more info? It could be a dozen things, subpoenas there, subpoenas elsewhere (rating agencies), investigations at state, federal, civil-private. I'm not sure how much more you'd need to be afraid to hold this stock. I'm not even sure a signed promise from Eric Holder himself would make me comfy. That's only 1 or 3 or 4 potential blowout problems.
GS ripped off lots of rich people, ya know. It takes time to for the rich winners and losers to coagulate into new spheres of influence, new order from disorder. This world has been piratized (not privatized). GS doesn't lead the pirates, they're just one big ship taking on a lot of lead. You'll see plank walking, hobbling and it might sink. When they became the poster boy, even they didn't understand what that really meant. One solid prosecution could = a future president. The wrong move could mean political death too. The stakes are high! Greed and egos crossing. I hope we have a few people who's egos are bigger than their desire for $$$, because that will make this fun. It could be the bonfire of the vanities.
The elections are in November too for god's sake. That's only 6 months! Let the reprisals continue
Also, you'd better not be stooping for fuckin' Andy Cuomo. That guy is the slimiest-looking freak I have ever laid my eyes on. I wouldn't trust him to hold a bag of groceries.
I don't stoop for Andy. Could care less. But, I'll tell you this, if you're looking for a boyscout to take down a bank, keep looking. I'll take whatever flesh wants in on the battle. By now, even the prosecutors and politicians are all eying each other. There's just a lot going on, main point.
The a-hole Cuomo was right at the heart of the housing bubble. He was HUD secretary and forced the loans for liars programs down the lenders' throats. The lousey grandstanding little perp should be prosecuted himself.
Look, all the major houses have ripped off a lot of people for a long time. Goldman is pretty much done as an entity. Not everyone who works there is a psycho.
Just, like, many of 'em. They're no more psycho than your average blue collar worker - it's just that they have a helluvalot more money and influence.
The government will not allow them to LBO, and anyway, the restructuring would be too brutal. Just let 'em fail. Fucking ZH could start up a boutique and start kicking ass.
The issue is that the government absolutely needs them as bond issuance houses.
For that reason, I'd suggest baiting the hell out of the government just to get them to blow themselves up. No one in the government really knows how to read, anyway - their aides will just retransmit whatever is told to them.
I will dispute one point, I think the sociopathic tendencies run much higher among investment bankers than blue collar workers, down to the individual.
This is what I posted before:
GS will be either exonorated by the SEC or pay a token fine.
A few days before options expiration they will load up (through proxies off-shore) way out of the money calls.
The next day (either Wednesday or Thursday) before expiry, the SEC drops the news before option expiration that they have nothing on Goldman.
Bingo. 2k will make you 50k
========================
The other scenario (which was suggested to me by a ZH'r) is that they are pushing the stock lower and they take the company private on the cheap.
One more observation was Grasso's hint the SEC should consider putting controls so that what happened that Thursday does not happen again.
He said: "Controls either up or down"
Now is the what if... question.
Is it going to be a similar event in the opposite direction? that is Up.
Is it actually possible and can they do it?
Please weigh on this. If that happens, then what?
My gut feeling tells me that BSB will play god and there will be an upward attack early next week to burn the shorts
Just in case I bought a bunch out of the money calls. I need to pray. "We're gonna need a bigger boat" Get it? Quote from the movie Jaws.
When everyone is bearish and Tiger's Ladies appear, the SP will bounce to 1150 Monday Moaning. Russell bottomed, so did FAS, the powers that b will buy financials Monday, for a bounce.
I'm going on record here the EURO will NEVER BE ABANDONED, any noise is just that.
This is total smoke & mirrirs, and as Raum says... buy FAS
Rumor has it that French President Nicolas Sarkozy threatened to abandon the Euro if German Chancellor Angela Merkel would not go along with a bailout of Greece. How credible is that report?
Let's start off with a German article Sarkozy soll Merkel Euro-Austritt angedroht haben.
Here is a translation courtesy of my friend "HB"
Sources say he was so angry, he nearly fell off of the shinebox he was using to compensate for his diminutive stature (physical, political, and economic).
Check your sources. golden_shinebox don't prop up no 'fiat' politician!
Because of Sarkozy’s dominant takeover as point man on the European bailout, he’s being thought of more and more as an economic insider, as more than a political insider.
It was French President Nicolas Sarkozy and then president of the European Union who said on September 26, 2008: “We must rethink the financial system from scratch, as at Bretton Woods.” And then he called for a new international monetary system--the ultimate grab by the international financiers for all the world’s finance marbles. At Davos 2010, he called for creation of a World Environment Organization (WEO) as powerful as the World Trade Organization (WTO).
And because of this, more and more questions are arising as to Sarkozy’s roots.
Raanan Eliza in an article entitled "Sarkozy’s Jewish Roots" in The Australian Jewish News wrote on May 8, 2007 “Many expect Sarkozy’s presidency to bring a dramatic change not only in France’s domestic affairs, but also in the country’s foreign policy in the Middle-East.”
According to the article, Sarkozy’s mother was born to the Mallah family which is one of the oldest Jewish families of Salonika, Greece. Sarkozy’s position at the EU in 2008 is now held by Herman van Rompuy*.
All you need to know about Herman van Rompuy’s election as European Union President* is contained in one of his first quotes as president: “2009 is also the first year of global governance with the establishment of the G-20 in the middle of a financial crisis.”
Said Eliza: Sarkozy is a key factor in global economic coordination programs. Because of his position, he also was a key player in the Georgia-Russian dispute.
Raanan Eliaz is a former Director at the Israeli National Security Council and the Hudson Institute, Washington D.C.
*Van Rompuy officially is the first long term and full time President of the European Council. (Until the Treaty of Lisbon, the position had rotated among the Prime Ministers of the Member States for six months each, since then they choose a President of their meetings for a 2 1/2 year period, renewable once.)
Nah... word just got out that there was dissension in GS's ranks... it was, instead, just the normal midweek negotiation of their partner draws that happened to be recorded by hidden camera and uploaded to youtube...
http://www.youtube.com/watch?v=_58YdwEKkZY
Indeed. Do we need to account for the same 'sudden strength' an hour earlier? Blog entry material.....?
[edit: reply to godfader intended]
Probably unrelated, but word is GS and some other toobigs are getting together to bail out Shorebank. This is the bank owned by Illinois Treasurer Alexi Giannoulias' family. The Giannoulias family has had lots of influential friends, including presidents Clinton and Obama. Also ties to mobsters. Here's a story about the guy:
http://biggovernment.com/dobrien/2010/04/16/alexi-giannoulias-all-audacity-all-the-time/#more-105494
The March 2009 bear market rally ended last week.
http://tinyurl.com/39ptoac
http://www.zerohedge.com/forum/latest-market-outlook-1
Your duplicative posts on every article thread suggest you a very love-starved dude. Maybe you should change your avatar. This one doesn't seem to be working too well for you.
Didn't Bill Clinton..just say..that Goldman did nothing illegal? Pls someone save his daughtters marriage.
Get out of stocks before some buck-a-roo parks
a car bomb in front of the Goldman Sachs Building
in NY City .... this time it might go off...