Visualizing Goldman's Epic Meltdown

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Tue, 07/19/2011 - 09:25 | 1469741 digitlman
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Fuck these fuckers.

Tue, 07/19/2011 - 10:17 | 1469934 midtowng
midtowng's picture

It breaks my heart to see this billionaires not making as much money off the backs of the working class.

Tue, 07/19/2011 - 09:25 | 1469743 RobotTrader
RobotTrader's picture

No doubt, after this huge embarrassment, they will be re-ramping up risk again and will resume playing its games by recommending one strategy for their clients and doing the exact opposite for themselves.

Perhaps they sandbagged on purpose since this year is already shot, and now they are setting up for earnings beats the last two quarters just in time for bonus season.

Or maybe Goldman has lost its edge?

Somebody big is short NFLX, AAPL, HOG, WYNN, SINA, etc. and getting killed pre-market.  Maybe Goldman????

Tue, 07/19/2011 - 09:27 | 1469751 bigwavedave
bigwavedave's picture

no chance they are short those names..... idiot

Tue, 07/19/2011 - 09:28 | 1469754 LawsofPhysics
LawsofPhysics's picture

"Somebody big is short NFLX, AAPL, HOG, WYNN, SINA, etc. and getting killed pre-market.  Maybe Goldman????"


One can only hope that it is them, but with a direct line to the Fed and treasury, I doubt it.

Tue, 07/19/2011 - 09:38 | 1469793 SheepDog-One
SheepDog-One's picture

Momofader still thinks its the 2005 cute.

Tue, 07/19/2011 - 10:03 | 1469873 nscholten
nscholten's picture

What is the big fucking deal with robot trader?  Can one not handle another opinion kind of like in junior high school.  It's fucking retarded.  He or she is just making a fucking statement.  Guess what moron... you don;t have to agree with everything you read, just fucking read it.

Tue, 07/19/2011 - 10:08 | 1469890 gmrpeabody
gmrpeabody's picture

Please... don't get him started.

Tue, 07/19/2011 - 10:32 | 1470012 treemagnet
treemagnet's picture

SheepDogs reply rants are absolutely nothing compared to the wrath of JW in FL.  Now theres a tire fire you can't put out.

Tue, 07/19/2011 - 13:13 | 1470822 HungrySeagull
HungrySeagull's picture

Just shovel some dirt onto it and take a lunch break.

Tue, 07/19/2011 - 10:11 | 1469908 i-dog
i-dog's picture

"......fucking......Can one not handle another opinion......fucking......fucking......moron......fucking......"

Pot, meet kettle. Oh, and eloquently put, too. Sheesh.

Tue, 07/19/2011 - 11:51 | 1470462 grey7beard
grey7beard's picture

>> What is the big fucking deal with robot trader?

The peanut gallery is cat calling from the cheap seats.  Most of these folks can't scratch together a post that even gets a reply, hence they run in little packs to denegrate anyone with enough balls to give an opinion.

Count me in as someone who appreciates reading robo's posts.  Finding thoughful, insightful discourse on these sites is like finding unchewed gum on a New York sidewalk.

Thanks robo, for having thick skin.  Hang in there.

Tue, 07/19/2011 - 12:16 | 1470597 francis_sawyer
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I enjoy bitch slapping you as much as the next guy... But I'll admit, you MAY have a point here... (& really - on all of the tickers you nominated)...

Not a bad catch (if you're right)...


Tue, 07/19/2011 - 09:25 | 1469745 SheepDog-One
SheepDog-One's picture

Well we know when the banks get in trouble and feel the pinch, thats when the bad things happen to the peasantry. Watch out.

Tue, 07/19/2011 - 09:38 | 1469791 Confused
Confused's picture

How true. Unfortunately for us.

Tue, 07/19/2011 - 10:35 | 1470031 DeadFred
DeadFred's picture

Lowes is currently restocked with pitchforks. The ten tined bedding fork is quite elegant but for the work at hand I suggest the sturdier manure fork.

Tue, 07/19/2011 - 10:36 | 1470032 DeadFred
DeadFred's picture

Lowes is currently restocked with pitchforks. The ten tined bedding fork is quite elegant but for the work at hand I suggest the sturdier manure fork.

Tue, 07/19/2011 - 13:14 | 1470823 HungrySeagull
HungrySeagull's picture

In the old Dutch Country they have those in plenty.

Tue, 07/19/2011 - 09:49 | 1469831 SteveNYC
SteveNYC's picture

Should wipe a sound 10-20% off Manhattan apartment values come year end. I hear several of the "big boys" on Wall St are having shockers this year. Seems lay offs are coming down the pipe second half '11. Keep an eye out and if you are looking to rent or upgrade in the city the fall/winter is the time.

Tue, 07/19/2011 - 11:45 | 1470423 chdwlch1
chdwlch1's picture

So true...your comment reminded me of this quote from a Martin Armstrong article suggesting Goldman is setting up Paulson for the next panic trade.

"We are due for a correction – It’s Just Time. The months ahead are September and November in particular for turning points. What we have to pay close attention to is the "hype" that comes out. If the Investment Bankers are looking to force a liquidation to make a bang-up trade for the year since things have been quiet, the news will be spun to support their agenda. This is part of the game. When they wanted all the little guys in for 1980, they made the Hunts a household name. That was the setup. The little guy buys thinking he is running with the big dogs. The real big dogs stay well hidden in the bushes and will NEVER step into the limelight.

The week before Labor Day (last week of August) may become the key week where a change in trend develops thereafter. Keep in mind, cyclically, most of the biggest periods of volatility take place right after Labor Day. Paulson – you are dancing with the devil. Watch your ass!

So for now, pay attention. The dogs are getting hungry and they have had a quiet year so far. The second half of the year is shaping up for a return to volatility."


Tue, 07/19/2011 - 09:26 | 1469746 LawsofPhysics
LawsofPhysics's picture

Proprietary trading of all types simply provides a mechanism for a select few to steal massive amounts of real wealth from an otherwise healthier economy.  Gee, winding down the prop operations, is goldman doing the right thing or simply exiting to their private island?  Glad to see this either way.

Tue, 07/19/2011 - 09:27 | 1469752 SoNH80
SoNH80's picture

$7.4 billion dollars in revenue a quarter "abysmal"?  Are we supposed to feel schadenfreude for this?  Sorry, I just don't see it.  Blah, who cares, business as usual.  It'll be up to $10 bill a quarter in no time flat, when they buy the Right People in Congress again....

Tue, 07/19/2011 - 10:04 | 1469879 fuu
fuu's picture

Billions are so 20th century.

Tue, 07/19/2011 - 10:43 | 1470079 DaveyJones
DaveyJones's picture

Honest billions

Tue, 07/19/2011 - 13:19 | 1470847 hedgeless_horseman
hedgeless_horseman's picture


Tue, 07/19/2011 - 09:27 | 1469753 Long-John-Silver
Long-John-Silver's picture

This is Lehman Brothers II and another economic collapse like 2008.

Tue, 07/19/2011 - 09:50 | 1469834 Sudden Debt
Sudden Debt's picture

Looks like it.

But this show is costing us a lot of money, so ACT SURPRISED when it happens!

Tue, 07/19/2011 - 10:14 | 1469919 i-dog
i-dog's picture

ROFL!! Day after day, you crack me up! But it's costing me a lot of coffee in my keyboard........

Tue, 07/19/2011 - 09:28 | 1469756 slaughterer
slaughterer's picture

Can't believe Blankfein rolled out the much-coveted "franchise value" as GS's saving grace.   ... Would love some details on the trades they lost money on in Q2.

Tue, 07/19/2011 - 09:28 | 1469757 snowball777
snowball777's picture

"Institutional client" that like a rich uncle in an asylum?


Tue, 07/19/2011 - 10:43 | 1470073 augie
augie's picture

while on the subject of insanity, you think i'm being too aggressive buying jan 12' 65 puts on GS? I mean, I'm a little concerned for my mental health as i no longer care if the contract's value evaporates. As long as i know my Lilliputian harpoon has been cast into the leviathans mantle, i can rest easy. Is that strange? 

Tue, 07/19/2011 - 09:29 | 1469760 Anaxagoras
Anaxagoras's picture

The Squid got beached.

Tue, 07/19/2011 - 09:29 | 1469762 bigwavedave
bigwavedave's picture

look at the results from the other 'banks'. they were all supported by loan loss clawbacks. gs has no consumer business at all. no branches. no mortgages. nadda. they are and have always been a fee and volume firm. no volume. and no fees. jeez. listening to you lot and one would think they were a 'bank'....

Tue, 07/19/2011 - 09:35 | 1469775 Larry Darrell
Larry Darrell's picture

And somehow they still qualified for all of the 3 and 4 letter gov't cheese programs like the rest of the banks.


Tue, 07/19/2011 - 09:31 | 1469764 sunnydays
sunnydays's picture

Couldn't happen to a better company.  Seems all the big boys are having problems all of a sudden.  Guess all those billions of QE2 has stopped manipulating the numbers and some real ones are coming out.   I will be interesting in JPM numbers.  Wonder how much their losses are in the metals market.  :)

Tue, 07/19/2011 - 09:32 | 1469768 Everybodys All ...
Everybodys All American's picture

You can't balme Goldman for thinking risk off this qtr with QE2 suposedly ending this qtr. I still think they are going to be right taking risk off because a market collapse is likely coming.

Tue, 07/19/2011 - 09:36 | 1469776 bigwavedave
bigwavedave's picture

they are cashing out their chips. risk off? more like storing what they got. like the rest of ZH readers they already know the end-game. does anyone actually think they are stupid? they wont play the last rounds with all the chips on the table. down to half book value. 

Tue, 07/19/2011 - 10:11 | 1469909 gmrpeabody
gmrpeabody's picture

 BINGO..... we have a winner!

Tue, 07/19/2011 - 14:29 | 1471216 citta vritti
citta vritti's picture

two, in fact

Tue, 07/19/2011 - 09:32 | 1469769 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

They are going to need a bigger high frequency trading machine.

Tue, 07/19/2011 - 09:35 | 1469774 Lmo Mutton
Lmo Mutton's picture

I hate it when my thuggery and mischief does not pay off.

Tue, 07/19/2011 - 09:37 | 1469782 Lmo Mutton
Lmo Mutton's picture

I hate it when my thuggery and mischief does not pay off.

Tue, 07/19/2011 - 09:42 | 1469788 Sudden Debt
Sudden Debt's picture



down 40%, 60% MORE TO GO!


Tue, 07/19/2011 - 09:38 | 1469789 Sophist Economicus
Sophist Economicus's picture

But if they are 'masters of the universe' and the consumate 'insiders' with deep tenticles into 'TPTB", how could this happen?


Oh wait, maybe the market is bigger than any 'TPTB', it does behave 'irrationally' and does wipe out most folks given a long enough timeline....


Tue, 07/19/2011 - 10:23 | 1469957 i-dog
i-dog's picture

I'm sorry...we already have a winner (see #1469776 above), but thanks for playing.

by bigwavedave
on Tue, 07/19/2011 - 09:36
#1469776 they are cashing out their chips........they wont play the last rounds with all the chips on the table
Tue, 07/19/2011 - 11:46 | 1470426 Sophist Economicus
Sophist Economicus's picture

Nope!   If they were omnipotent, there would be no need to husband cash.   they would be leading 'sheep' to the bloodbath, maximizing revenue further....unless, they don't know either.....


Tue, 07/19/2011 - 12:08 | 1470560 grey7beard
grey7beard's picture

>> But if they are 'masters of the universe' and the consumate 'insiders' with deep tenticles into 'TPTB", how could this happen?

I'm fairly sure there's been a falling out with the current administration.  GSs campaign contributions to Obama have dried up and gone to one of the Republicans.  I don't doubt the juicy tidbits of information necessary for sucess in this market are drying up.  Expect Goldman's profits to make an amazing rebound when a Republican is in the WH.

Tue, 07/19/2011 - 09:39 | 1469795 r101958
r101958's picture

Anybody think this might be just what is needed to force QE3?

Tue, 07/19/2011 - 09:40 | 1469798 SheepDog-One
SheepDog-One's picture

Who's payin? Not me.

Tue, 07/19/2011 - 09:43 | 1469807 r101958
r101958's picture

We all are, via future least until the dollar collapses.

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