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Wall Street "Animal Spirits" Stampede Across the River
Anyone see 60 Minutes last night? The story about the animal migration across the Mara River in Kenya? All the Wall Street particpants were there. And this morning they were stampeding back into the "inflation" and "re-risking" trade once again.
Despite the warnings from Nouriel Roubini, despite the crash warnings from the survivalists who have suddenly become expert market technicians, etc., the market was ramped up on a Goldman Sachs upgrade of a few bank stocks, and that was enough to get the "Animal Spirits" going.
Here's a picture of the Wall Street Herd crossing the river called the 50-day EMA:
And here are some of the participants:
Fidelity, Vanguard, Schwab, Barclay's, etc.
TIAA-CREF, Harvard Endowment, Gates Foundation, CalPERS, etc.
Myriad Hedge Funds, Bucket Shop Players, etc.
Various 19-year old enterprising speculators, daytraders, action junkies, etc.
Goldman Sachs Prop Desk Traders lying in wait:
As soon as it was evident that the oft-predicted October Crash was not going to happen just yet, and the 50-day was not going to be broken today, the herd immediately jumped in and wildly bought stocks....
Meanwhile, here's a hapless retail daytrader who was caught on the wrong side of the river, overmargined with a short position, being devoured by a Goldman Sachs Prop Trader:
Just another day in the jungle, buying the worst stocks possible.
Like Select Comfort Mattress:
Las Vegas Sands:
Nordstrom's
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I always thought there were reptilians at Goldman.
Today looks like a layup to me. The various trendlines on the SPX intersected here, including the one from March-July and the recent connector of the bottoms since July. And of course theres the 50. The only problem now is the out of control gold price. If they can somehow manage to keep gold down tomorrow and stocks up, then its off to the races.
Thanks, I needed that! While lacking in lingerie, I think this was your funniest post yet.
I second the motion.
The picture of the gator with what looks like a leg in it's jaws and the caption about Goldman prop desk chewing on another victim caused me to spit coffee all over my keyboard.
This one's a keeper.
What a sense of imagination. I salute you.RT
You have made another sad day funny.
Are you Robo's future GF?
Maybe it was irrational exuberance over the new big board at the NYSE. It couldn't start its career with anything less than a +100 day.
oh my gosh robo....this is your best pictorial story EVER and there are no babes!
absolutely outstanding.
volumes today were pathetic...3.5 bill on spx.
loved the banks today with barofsky out with his report, soros' comments, whalen's comments, gs with their shenanigans.
A PERFECT 10.
Hilarious post! The piece de resistance was the Goldman one at the end.
Great stuff Robo.
I looked into what was going on at money losing Select Comfort and got a laugh. The stock is up from $.20 in March to $5.42 on the close today. The big news that got shareholders excited is that a private equity shop secured options to buy 4 million shares for $10 million and 2 million warrants convertible into shares at $.01/share (weighted averaage $1.67/share for 6 million shares) IF Select Comfort can secure an acceptable extension on a $10 million credit line! Seeing somebody offer to pay $1.67 a share, that's enough to make me want to pay $5.42! What irrational exuberance?
F--king EXCELLENT Robo!
you could have least put a g-string on that croc with a mouthful of trader x.
Hilarious
that was without a doubt the most fucking brilliant daily market analysis i have ever read by anyone.
grateful to know that pictures are still worth 1k a pop.
maybe Discovery Channel should start running market tickers.
cheers to RT
What would Alessandra do?
Crocodile to wildebeest: "and... it's gone! :-)"
LOL! Great post Robo, great comment Mr Anon.
LOL!!!
Those are some amazing photos!
This right here was too funny:
Goldman Sachs Prop Desk Traders lying in wait:
I'm still laughing.
First post here - This was absolutely hilarious
RT ... you do have a way with wor....pix....Excellent....Thanks
How true, how true. Excellent job, RT!
What a show! What happens when the herd tries to re-cross it tomorrow? I think I'd like to have wings instead of legs. Ouch!
very very clever Robo!
As usual Robo points out how jerry built the market really is--what a hoot -goldman crocs-cant stop laughing. line squall is a comin.
Awesome !
RobotTrader = The Leopard
Anonymous = The Laughing Hyena
A masterpiece Robo! Myself, am a GS prop desk survivor, bad memories.
Cheers,
One-leg-Mike
Too funny, Robo. Welcome to the jungle, baby.
Interesting action on SCSS.....coincidentally on the very day NYT does an online short film expose of the private equity Simmons Mattress deal. The winners looted the company's borrowing ability....reselling it over and over to other pe groups.
Surely the banksters wouldn't get back in the sack for that old game again ....you think ??
Pure genius, RT.
It's like a jungle sometimes, it makes me wonder how I keep from going under.
Niiiiiice
Whoooooa, going way old school for that one. Excellent.
I was so sure that DDRX was rolling over this time! Why, GS, why?
Robo - your posts rule, with or without chicks. Rahmp it up!
Sorrry, mega dittos!!
First it was mayhem's Orca chart, now this. I am starting to get it. Can someone just confirm that "the daytrader who got caught" picture had something to do with a "leg" in the market? And was the fact that the leg was pointing up a positive - although broken at the knee? Never mind.
Very very funny
BUT, I wonder how much of the 60% rally the author of this missed . . .?
you people realize that he did not take these photos? He just copy pasted infringing on someone's copyrights.
Oh, to be a crocodilain lying in wait over at the GS prop desk.
Best to pump this baby as high as it can go, mama needs a new mink stole for Christmas, and my Lamborghini is so last year.
New multi-millon dollar mansion up in the Hamptons looking more and more feasible.
So all you folks out there gettin high on green shoots, just head down to the GS apothocary and we'll set up with some good shit that will get you high, high.
This got to be the funniest thing I've ever read here. The man got talent.
http://wildebeests.wordpress.com
"About" tab for wildebest/crocs/bruce willis slideshow originally made late 2007 and then revised 2008.
Will Debeest
http://seekingalpha.com/author/wildebeest
Fitting.