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WTI Recovers Over 60% Of Losses Since Goldman Downgrade

Tyler Durden's picture


To all who panicked following the programatic Goldman downgrade of Brent two days ago and dumped their holdings right into gaping maw of Goldman's overeager prop desk (which has once again seen some notoriety today although few actually care as everyone is now aware of the 200 West M.O.), our condolences. Crude has now recouped over 60% of the drop following that downgrade. In the meantime QE3 is today pegged to ON, as the inflation trade comes back again with a vengeance. Except Goldman to pull all punches and proceed with downgrading all the other commodities it is still bullish on, including gold and silver.

Elsewhere, gold is just pennies away from its all time high, and silver seems poised to take out $42 today.


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Thu, 04/14/2011 - 12:31 | 1169133 NOTW777
NOTW777's picture

was that a new era silver correction? 42 to 40ish

Thu, 04/14/2011 - 12:37 | 1169160 Ray1968
Ray1968's picture

It was just a small sale that our PMs went on. Great time to jump in or add. Now lets ride the next leg uuuuupppppppp.

Thu, 04/14/2011 - 13:26 | 1169366 nope-1004
nope-1004's picture

JPM is failing miserably at downward price manipulation of metals.

Goldilocks now fails at downward suppression of other comods.

Who will Benocide hire next to try to convince me that there is no inflation as I barely keep my head above water paying inflated bills with devalued shit?

I never thought white collar crime would lead to a fascist state, but here we are.



Thu, 04/14/2011 - 13:45 | 1169463 Bicycle Repairman
Bicycle Repairman's picture

A whole two days later Goldman Sachs = F*A*D*E

Thu, 04/14/2011 - 12:53 | 1169225 Thunder Dome
Thunder Dome's picture

Just wait til June.  Silver longs will know great pain.




Long $25 SLV Puts

Thu, 04/14/2011 - 12:55 | 1169236 pendragon
pendragon's picture

with this vol youre better off selling in the money calls

Thu, 04/14/2011 - 13:02 | 1169255 SheepDog-One
SheepDog-One's picture

Exactly what I was arguing the other day when the big story about the $1 million 25 silver put purchase came out.

Of course now all the silver bears are disclosing theyre also loaded up on $25 SLV puts. 

Thu, 04/14/2011 - 13:11 | 1169289 pendragon
pendragon's picture

that short gamma might ensure a few sleepless nights though...

Thu, 04/14/2011 - 13:15 | 1169316 Thunder Dome
Thunder Dome's picture

No one is more annoying these days in the entire marketplace than the silver bugs.

Thu, 04/14/2011 - 13:20 | 1169343 d00daa
d00daa's picture

Options "traders" that don't know when they should be long/short volatility are infinitely more annoying, IMO.

Thu, 04/14/2011 - 13:31 | 1169387 tmosley
tmosley's picture

Sounds like sour grapes from a sore loser to me.


Thu, 04/14/2011 - 13:57 | 1169503 homersimpson
homersimpson's picture

I'm sure those losses you've been taking betting against silver the past year is probably more annoying..

Thu, 04/14/2011 - 13:05 | 1169275 d00daa
d00daa's picture


Thu, 04/14/2011 - 12:57 | 1169244 ZeroPower
ZeroPower's picture

Agreed. Happy for you silver longs, but you can't be serious in calling this 42-39.8s a correction. Wait for 37s at least before reloading.

Thu, 04/14/2011 - 13:04 | 1169267 d00daa
d00daa's picture

There are no June11 puts written at any strike.  What month are you trading?  How much are you allocated to this "bet?"  25 strike up and down the chain looks pricey to me.

Thu, 04/14/2011 - 13:10 | 1169296 Thunder Dome
Thunder Dome's picture



Should be real juicy!

Thu, 04/14/2011 - 13:15 | 1169300 Thunder Dome
Thunder Dome's picture

Let's just say around June 12 I may be calling Tyler to buy a controlling interest in Zerohedge.

Thu, 04/14/2011 - 13:20 | 1169330 tmosley
tmosley's picture

More likely you will be slinking off like a beaten dog, probably to find a bridge to jump off of.

Knife catching moron.

Thu, 04/14/2011 - 13:21 | 1169353 Spastica Rex
Spastica Rex's picture


Why would you want that?

Thu, 04/14/2011 - 13:51 | 1169479 Bicycle Repairman
Bicycle Repairman's picture

LOL.  Thunder Dome, buddy, just reach over into the next cubicle and wake up Johnny Bravo.  He hasn't posted in weeks.

Thu, 04/14/2011 - 13:14 | 1169299 Ray1968
Ray1968's picture

I hold SLV puts also... 1- hedge against a sharp correction 2- profit when the truth is learned about the fraudsters at JPM and HSBC that they have no silver in the vaults.

Holding puts is no sin even for silver bugs.

Thu, 04/14/2011 - 13:23 | 1169365 d00daa
d00daa's picture

Of course not, if you're using it as a hedge.

Expressing a short speculative options "trading" position in SLV by being long Jul 25 puts is borderline retarded.

Thu, 04/14/2011 - 16:45 | 1170258 Ray1968
Ray1968's picture

Perhaps I misread him, but when you are long a put... you're in a short position for the underlying security. To short a put, means you sell the put hoping the price of the underylying security goes up (long)

Thu, 04/14/2011 - 16:46 | 1170261 Ray1968
Ray1968's picture

Perhaps I misread him, but when you are long on a put... you're in a short position for the underlying security. To short a put, means you sell the put hoping the price of the underylying security goes up (long)

Thu, 04/14/2011 - 13:14 | 1169314 doggings
doggings's picture

Just wait til June.  Silver $25 put longs will know great pain.

there, I corrected your obvious typo for you..

Thu, 04/14/2011 - 13:19 | 1169337 NOTW777
NOTW777's picture

i dont view SLV as silver

Thu, 04/14/2011 - 13:41 | 1169430 Id fight Gandhi
Id fight Gandhi's picture

People are buying metals instead of holding fiat. Yen euro dollar all trash.

That's what these traders dont understand. They think it's just a run up in another commodity

Thu, 04/14/2011 - 15:27 | 1169884 Fíréan
Fíréan's picture

 Interesting that this all happens excatly same time that Glencore announce their flotation !

Thu, 04/14/2011 - 12:36 | 1169149 tmosley
tmosley's picture

Let's let the moron trolls try to claim they are making money by being leveraged short now.

Morons.  Long physical, bitches.

Thu, 04/14/2011 - 12:39 | 1169159 RobotTrader
RobotTrader's picture

OIH, XLE, XOP still sucking wind.

Need to see these take off to set the path for higher prices.

Thu, 04/14/2011 - 12:45 | 1169189 lieutenantjohnchard
lieutenantjohnchard's picture

what's sucking wind is your portfolio of widows and orphans stocks. and the walls creep ever closer in your dusky, dingy apartment.

Thu, 04/14/2011 - 19:35 | 1170802 Zero Govt
Zero Govt's picture

+1     chuckle :)

Thu, 04/14/2011 - 13:09 | 1169293 SheepDog-One
SheepDog-One's picture

Whats not sucking is gold and silver, rocketing up today! Too bad you didnt buy PM's long ago, but piled into stocks which are sucking wind losing purchasing power no matter how much they go up.

Thu, 04/14/2011 - 12:37 | 1169161 NotAllowed
NotAllowed's picture

Tyler pretty sure at the end of the article you told us we "have been warned"

Thu, 04/14/2011 - 12:42 | 1169182 Tyler Durden
Tyler Durden's picture

Correct: warned that Goldman will be buying everything it downgrades. Gold is next.

Thu, 04/14/2011 - 12:56 | 1169240 NotAllowed
NotAllowed's picture

This is why I love ZeroHedge, it's almost like cheating!

Thu, 04/14/2011 - 13:50 | 1169475 Dr. Richard Head
Dr. Richard Head's picture

I remember back in the day of my early buying of stocks I would dream that one day I would have some good insight on the market in the form of an insider tip.  Never did I realize a motley crew of bloggers would be that tip; furthermore, having precious metals as the avenue. Once one steps outside of the matrix and sees it for what it is, it is impossible to go back. 

I believe I owe a donation to ZH -  It's coming, just as soon as I restock my food pantry. 

Inflation is a Bernanke.

Thu, 04/14/2011 - 13:00 | 1169257 jmac2013
jmac2013's picture

TD- maybe I'm just slow in grasping this, but with JPM kicking and screaming about oversight of the derivatives market, isn't it possible that JPM and the other large institutional players can take one position in the market and the opposite one in the highly leveraged derivative market, and nobody would really know?


Thu, 04/14/2011 - 13:05 | 1169273 Robot Traders Mom
Robot Traders Mom's picture

You are exactly right. JPM is like the local bookie though. Sleezy douchebag that always wins in the end playing both sides and making the spread...

Thu, 04/14/2011 - 13:01 | 1169263 SheepDog-One
SheepDog-One's picture

Thats what I assumed right away, if GS is calling the top on something, that means its about to shoot straight up.

Thu, 04/14/2011 - 14:08 | 1169555 slaughterer
slaughterer's picture

What argument can GS legitimately trot out to downgrade gold/silver other than saying that they are telling the Fed to abruptly end quantitative easing?    The oil downgrade just borrowed a trope from the UK inflation undershoot on demand destruction. 

Thu, 04/14/2011 - 12:37 | 1169163 Popo
Popo's picture

Goldman probably bought their own dip.

Thu, 04/14/2011 - 12:42 | 1169183 Cash_is_Trash
Cash_is_Trash's picture

I was thinking the same thing...

One day, they will overestimate their importance.

Thu, 04/14/2011 - 13:40 | 1169184 Id fight Gandhi
Id fight Gandhi's picture

It's easy money when they can front run themselves.

Thu, 04/14/2011 - 14:04 | 1169533 Bicycle Repairman
Bicycle Repairman's picture

Goldman bought the dip of some fool who sold.

Thu, 04/14/2011 - 12:39 | 1169165 NOTW777
NOTW777's picture

WTI looks like it held an earlier ascending triangle BO

Thu, 04/14/2011 - 12:38 | 1169168 rocker
rocker's picture

Heard on Bloombert today that Godman Shafts might be up for perjury charges.

Will Bernie Madoff finally get a room buddy.  Or could it be Baba.

Thu, 04/14/2011 - 12:48 | 1169201 Temporalist
Temporalist's picture
Senate panel concludes Goldman Sachs profited from financial crisis,0,6709903.story


Goldman Misled Congress After Duping Clients: Levin

Thu, 04/14/2011 - 12:51 | 1169216 LawsofPhysics
LawsofPhysics's picture

And congress will promptly do NOTHING.

Thu, 04/14/2011 - 13:51 | 1169482 Dr. Richard Head
Dr. Richard Head's picture

Congress will do plenty, that is if you believe doing something is reciting platitudes on television, slapping bankster fraud offenders on the wrist, and then holding out their hand for a campaign contribution. Son of a Bernanke! 

Thu, 04/14/2011 - 13:20 | 1169345 NOTW777
NOTW777's picture

seems like those convenient headlines are floated to appease the public only.

Thu, 04/14/2011 - 19:50 | 1170830 Zero Govt
Zero Govt's picture

the US Govt will do zero.... Regulators will do zero.... but investors who've been sold shit will do the job through litigation

..and of course let's not rule out Goldman Sachs who bankrupted themselves once already and think they've 'gotten away with it' fuking up and bankrupting themselves a second time round

...these are afterall the 'smartest bankers on the planet' as they like to keep reminding us and there's nothing dumber on the planet than a smart banker

Thu, 04/14/2011 - 12:38 | 1169171 ghostfaceinvestah
ghostfaceinvestah's picture

and Benocide printed another $8B today, coincidence?

Thu, 04/14/2011 - 12:39 | 1169173 Temporalist
Temporalist's picture

And gold back to near record high at $1474

Thu, 04/14/2011 - 12:42 | 1169179 WALLST8MY8BALL
WALLST8MY8BALL's picture

BTGD Buy the Goldman Downgrade!

Thu, 04/14/2011 - 12:49 | 1169219 lieutenantjohnchard
lieutenantjohnchard's picture

been buying (silver) this morning. and yes i'll buy at these levels given that it might seem cheap with a 50 dxy.

Thu, 04/14/2011 - 12:46 | 1169203 RobotTrader
RobotTrader's picture

GDX, OIH, XLE seriously underperforming
RobotTrader - Thu, Apr 14, 2011 - 12:45 PM

Still sucking wind big time.

Either commodities are about to crash, or these groups are going to be playing serious catch up soon.

Which is it?

Image #1:

Image #2:

Image #3:

Thu, 04/14/2011 - 12:48 | 1169213 Thunder Dome
Thunder Dome's picture

Miners trading like absolute shit for good reason.

Thu, 04/14/2011 - 12:54 | 1169229 lieutenantjohnchard
lieutenantjohnchard's picture

keep posting. it'll distract you from your losing positions.

Thu, 04/14/2011 - 13:00 | 1169259 Robot Traders Mom
Robot Traders Mom's picture

like trying to lose his virginity?

Thu, 04/14/2011 - 13:06 | 1169277 SheepDog-One
SheepDog-One's picture

Robo trying to forget about getting stuffed in a locker after being molested by his gym teacher.

Thu, 04/14/2011 - 13:09 | 1169292 Robot Traders Mom
Robot Traders Mom's picture

ha ha ha! +100

Thu, 04/14/2011 - 13:21 | 1169350 lieutenantjohnchard
lieutenantjohnchard's picture

lol. you guys are killing me. things are festive today!

Thu, 04/14/2011 - 12:58 | 1169246 bania
bania's picture

I can actually feel the earth rumbling beneath my PM mining stocks, the same way the ground shakes just before moment you strike oil. 

Thu, 04/14/2011 - 13:01 | 1169262 Robot Traders Mom
Robot Traders Mom's picture

Well said Kenny. Worth a nice Armani suit...

Thu, 04/14/2011 - 13:10 | 1169298 SheepDog-One
SheepDog-One's picture

Gold up $13, silver back over $42, damn sucks to be you Catfishmouth.

Thu, 04/14/2011 - 12:47 | 1169205 John Law Lives
John Law Lives's picture

Amazing how the market erased most of its losses today.  Nothing like much worse than expected employment data to spark a rally in this FUBAR market.

Thu, 04/14/2011 - 12:50 | 1169220 LawsofPhysics
LawsofPhysics's picture

Big POMO today.  Pump it up.

Thu, 04/14/2011 - 12:57 | 1169235 John Law Lives
John Law Lives's picture

The percentage of all Americans working right now is the lowest since the Reagan era... and all that matters to the markets is a POMO pump.

It makes you want to bang your head against the wall.

Nothing to see here.  Move along.  All is well.

Thu, 04/14/2011 - 12:51 | 1169212 virgilcaine
virgilcaine's picture

 its all one market AOM vs the DXY.  Like a see saw.  Watchout if the Dullar ever decides to go up.  What You have is a playground with Mr Soros and Mr Gross running around and are about to go home with their toys.

Thu, 04/14/2011 - 12:58 | 1169237 Cdad
Cdad's picture

Correct.  The Dixie is going to make the Goldman commodity buy theory, anyway.  The price action on SLW has me feeling patient yet on the buy side of silver.

They will spike that dollar, crush little Miss Euro [whose three day chart looks like a meth trip on Piccadilly Circus]...until that is all anyone is talking about.  The dumbest algo's will all be unwinding...and there Goldman will be sopping it up...with Bernanke Bucks, no less.  The irony of it all.



Thu, 04/14/2011 - 13:06 | 1169269 ZeroPower
ZeroPower's picture

Hi cdad

Agree fully on SLW... hasn't been keeping pace with the /SI and it normally tracks it 1:1, with even an extra bit of ooomph. Something keeping the miners down today - not even the ES can boost them as its been up hard since that 1298..

Will wait and watch for eod tomorrow before jumping into silver long again. And lol @ piccadilly meth trip... scary stuff that EURUSD at 10amGMT but as i type now look at that ROUND FUCKING TRIP back to 14498s again teasing the 145 handle. Crazy.

Thu, 04/14/2011 - 13:12 | 1169295 Cdad
Cdad's picture


That Euro dollar crap literally has to break.  That vol is clearly the "I'm going to jump" signal. everything else the criminal syndicate touches.  That alone should rerack the stud man USD. get your PM shot.  It will suck buying it, to be sure, but I think that is the trade.  SLW is the vehicle I go to on the silver trade...and it is not acting right today.



Thu, 04/14/2011 - 16:05 | 1170053 ZeroPower
ZeroPower's picture

Absolutely, run the 14400 stops and get  more bang for the buck... last 7 hourly candles, all green-> GO FIGURE. Good thing i only watch the EURUSD and dont trade it, i think i'd have a smoke in 1 hand and a scotch in the other to make it through a trading day.

Re SLW, might have traded in sympathy with CDE as it was down hard today just noticed, might have been to do with Bolivian situation.

Thu, 04/14/2011 - 18:53 | 1170698 Cdad
Cdad's picture

Maybe on SLW...but I ain't touchin' no syndicate inspired AH bid on the spot price...either way.

I think I know what I know from experience.  And one of the things I know is...when the Street starts making "fundamental" the end of a liquidity driven, speculation mad market in anything that is heavier than is time to stand aside and focus one's thinking on strangely counter intuitive ideas.

I hear Citi just got concerned about the US dollar...for example.               LOL!

You let me know when you take a position on SLW...and I'll consider your thoughts at that time.  

Thu, 04/14/2011 - 12:51 | 1169215 tmosley
tmosley's picture

I think the markets have been taken over by the crew from Bizarro World.

Thu, 04/14/2011 - 12:49 | 1169218 chet
chet's picture

I missed that dip in silver.  Thought it would go lower.  You gotta be forking fast these days.

Thu, 04/14/2011 - 14:13 | 1169569 Bicycle Repairman
Bicycle Repairman's picture

You really want to trade against GS, do you?

Thu, 04/14/2011 - 12:53 | 1169224 topcallingtroll
topcallingtroll's picture

I panicked out then panicked in for about a 3 percent gain which, unlike another robotroll i know, i document in real time my buy sell prices.

It will soon be time to panic out again for a little longer when the.deflation scare builds up a full head of steam. Ewz, gdxj, vde, and yes bidu. Im kinda embarrased about that one.

Im through with margin. I dont need a heart attack.

Thu, 04/14/2011 - 12:55 | 1169233 topcallingtroll
topcallingtroll's picture


Genius is high beta into a rising market.

Thu, 04/14/2011 - 13:01 | 1169253 lieutenantjohnchard
lieutenantjohnchard's picture

i was junked for this the other day. i keep records on the hourly (market hours only, no pre or post market records) for slv. if silver is down on the hourly bar 2 times there's a 71% (it's gone up) chance the third bar will be green. i trade these odds to add a few bucks where possible on the sell off. i sell the rip up.

Thu, 04/14/2011 - 13:07 | 1169285 ZeroPower
ZeroPower's picture

Dont know what to think of this... SLV tracks the SI contract. If you could find something on that item then youd be in business. Removing about 2/3 of the tracking to only follow SLV from 930-4 is kinda pointless, but whatever works for you i guess

Thu, 04/14/2011 - 13:15 | 1169317 lieutenantjohnchard
lieutenantjohnchard's picture

that's why i said there are flaws. but like you said slv tracks the si contract, and it tracks the si 8:30 to 3 cst just as it does the rest of the day. in addition, knowing the odds of success based on a lengthy pattern seems like a good piece of knowledge to have before entering a trade. cheers.

Thu, 04/14/2011 - 12:53 | 1169230 The Axe
The Axe's picture

Bolivia is reading ZH...getting long silver.....of course its going to use GUNS>> Nationalize bitch>

Thu, 04/14/2011 - 13:34 | 1169346 Rodent Freikorps
Rodent Freikorps's picture

Juan Evo Morales Ayma (born October 26, 1959), popularly known as Evo (Spanish pronunciation: [?eβo]), is the 80th and current President of Bolivia, having held that position since 2006. Politically a socialist, his presidency has also seen a focus on implementing socialist policies in the country, introducing land reforms, nationalising various key industries and opposing United States and corporate involvement in the country's politics.

Bolivia's Nationalization of Oil and Gas


Author: Carin Zissis

May 12, 2006

Pro or con, it seems to be baked into the pie.

As soon as a South American country votes in a socialist government, pull out your money.

Thu, 04/14/2011 - 12:57 | 1169242 svc101
svc101's picture

It would be amusing to count how many hits are coming from Goldman.

Thu, 04/14/2011 - 13:19 | 1169326 slaughterer
slaughterer's picture

The move in silver today looks mighty squiddy.  

Thu, 04/14/2011 - 12:58 | 1169251 plata pura
plata pura's picture

It's all figured in; the master time clock be the GSR ticking to parity. Credit bubble in defcom5.

Thu, 04/14/2011 - 13:01 | 1169254 r101958
r101958's picture

Does anybody here trust GS and what they are saying? Really? If so, why don't we all run out and buy some CDO's from them? I believe they are showing signs of desperation in their efforts to support this market. I think most paper trading now is of questionable value.

Thu, 04/14/2011 - 13:12 | 1169297 vas deferens
vas deferens's picture

Anyone know why CDE is down 8%??

News, Rumor??

Thu, 04/14/2011 - 13:15 | 1169311 The Axe
The Axe's picture


Thu, 04/14/2011 - 13:15 | 1169309 RobotTrader
RobotTrader's picture

Bottom line is that the perma-gloomers hiding behind their sandbags have been dead wrong.  Despite everything that has gone wrong in 2011, retail stocks like BBBY, WSM, WFMI, etc. are still pinned at 52-week highs.

Maybe gold shares will catch up, but maybe not.

The fact is this, retailers have flat out outperformed.

Thu, 04/14/2011 - 13:16 | 1169319 The Axe
The Axe's picture

AAPL  and the banks are rolling over....if that long do you think the retail stocks will hold up.....short  50,000 BAC via options....

Thu, 04/14/2011 - 13:22 | 1169356 Cdad
Cdad's picture


if that sticks

That is the rub.  It did not stick the last two days, but if you watched the trades on Apple over the last two days...ridiculous how few shares were used to lift it out of trouble.  As such, there is nothing sitting under it right there is a better chance that it will stick this time.

Looking for a close under $329 today.  That is where the stock should be right now were it not for the "horse fixers" yesterday and the day before.  

Thu, 04/14/2011 - 13:27 | 1169377 The Axe
The Axe's picture

agree...with you market is very thin..

Thu, 04/14/2011 - 13:21 | 1169336 lieutenantjohnchard
lieutenantjohnchard's picture

again i see you're able to poke fun at yourself by calling yourself a perma-gloomer given your admission you hold an ira full of gold stocks to go along with gold coins. welcome to the world of the merry band of gold and silver holders.

Thu, 04/14/2011 - 13:22 | 1169338 Ethics Gradient
Ethics Gradient's picture

Damn you with your facts, Robot! You can prove anything with facts. What does that prove?

Or something....

Thu, 04/14/2011 - 13:28 | 1169378 lieutenantjohnchard
lieutenantjohnchard's picture

facts like bbby is flat yoy. silver up 125%. robo is a world class exaggerator. he thinks folks won't check his "facts" out.

Thu, 04/14/2011 - 13:30 | 1169385 lieutenantjohnchard
lieutenantjohnchard's picture

or wfmi up 65% yoy. silver up 125%.

Thu, 04/14/2011 - 13:30 | 1169394 lieutenantjohnchard
lieutenantjohnchard's picture

or wsm up 44% yoy. slv up 125%.

Thu, 04/14/2011 - 13:43 | 1169450 Ethics Gradient
Ethics Gradient's picture

Silver seems like a hedge to me.

I would have thought 40x leverage on a position held for four hours because you suspect there's 50bp in it is the, err, nothavinahedge way. Take your profit, ring various sorts of dealers and do it all again in the afternoon.

Thu, 04/14/2011 - 13:32 | 1169405 Ethics Gradient
Ethics Gradient's picture


Thu, 04/14/2011 - 13:27 | 1169373 LawsofPhysics
LawsofPhysics's picture

So end all easing.  

Thu, 04/14/2011 - 13:33 | 1169399 Spastica Rex
Spastica Rex's picture


Thu, 04/14/2011 - 13:39 | 1169422 GeorgeHayduke
GeorgeHayduke's picture

The fact is I moved heavily into silver miners in September of 2010 and ALL of them are up over 100%. My worst performer USSIF is only up 103% while GPL, which I bought on 9/3/2010, is up over 400%. Which retail stock did IN FACT outperform them? I would like to know.

Thu, 04/14/2011 - 13:48 | 1169474 tmosley
tmosley's picture

Out performed WHAT, exactly?

My silver beat the shit out of your portfolio, and all of it's components.  Face it, you are getting your ass handed to you by the doomers, and you just can't stand it, so cry, bitch, and moan like a 7 year old girl with a skinned knee.

Time to hang up your trader hat, loser.

Thu, 04/14/2011 - 13:17 | 1169322 virgilcaine
virgilcaine's picture

Your rolling in lingerie. It's the perfect WS gift to 'that significant other'.

Thu, 04/14/2011 - 13:16 | 1169323 Northeaster
Northeaster's picture

Just applied to Wellington. Maybe I can transfer my legal skills to financial, help crash the system a little faster and make a few extra bucks in the process. After reading the MA SJC decision this morning...I'm doing it wrong (except the cheating on the spouse part):

Nancy W. ADAMS vs. Nicholas C. ADAMS.



Thu, 04/14/2011 - 13:17 | 1169328 r101958
r101958's picture

How about perma-realitiers? Not paper propped up by 1.6T more pieces of recently printed paper. If this is all so 'real' and self-sustaining then why don't they stop POMO?

Thu, 04/14/2011 - 13:58 | 1169397 slewie the pi-rat
slewie the pi-rat's picture

the casino is open again, today.   i've never doubted QE 3.  not for a minute. 

still, the idea that the CB's know what tf they are doing?  pullease!  the world's most desperate gamblers, trapped in their own psychopathy and unintended consequeces.  trapped! 

i don't mind saying that i think the fiat banksters and the "secret intel agencies" have taken control of the nations, including ours.  you won't hear slewie postulating that the US's involvement in libya is due to the choice and deliberation of a sovereign nation.  it ain't!  we're just another puppet on a string.

nevertheless, you will also never hear slewie saying that the little puppet show makes sense.  it doesn't.  the puppet masters are styooopid, quite ill, and trapped in their own delusions.  yeah, but they're all a bunch of fascist pigs and they'd just as soon kill us all! 

no shit, sherlock!  we're armed up the ass, too, kids!  this ain't canada or great britain.  2nd amendment.  a well-ordered militia.  the banksters may have taken the goobermint.  what else is new?  they're not The People, tho.  We are! 

perhaps the time approaches when if one is not part of the answer, one is, really, just part of the fukin problem.  how many sides do you think there will be?  20?  if a person can get his/her head and life straight, good!  if not, that's fine, too.  after all, lQQk what "they" have done to us! (vomiting).

i always get junked when i hang outa my picture frame over this.  so what?  if and when the music stops, slewie will not need a triple lindy to get even.  will you?

Thu, 04/14/2011 - 13:35 | 1169416 fatsak
fatsak's picture

Any chance Fed does a small manuever today to "simulate" a rate increase at the same time Goldman downgrades Gold/Silver?   We all know QE3 is coming, but they need to throw some speedbumps in the way.   

Thu, 04/14/2011 - 13:51 | 1169476 slewie the pi-rat
slewie the pi-rat's picture

several have suggested this, including me.  more likely next wed, tho, doncha think?

Thu, 04/14/2011 - 13:35 | 1169417 BobPaulson
BobPaulson's picture

Thank you. And now back to our regularly scheduled crack-up boom programming.

Thu, 04/14/2011 - 13:53 | 1169492 slewie the pi-rat
slewie the pi-rat's picture

i like clees, and benny hill too!  shit!  i like boy george! still, if ya like a really good one, check out the biggest fukin joker in anybody's deck:  Amendment #2... 

hey!  i'm just tryin to call a spade a spade...


Thu, 04/14/2011 - 13:44 | 1169456 slewie the pi-rat
slewie the pi-rat's picture

wanna get away?  print out a copy of the S&P 500.  think.  put a little check-mark next to the companies you KNOW are solvent.  not think, not guess, know.  take 20-30 minutes.  how does it look?

Thu, 04/14/2011 - 15:37 | 1169922 chinaboy
chinaboy's picture

Did GS follow their own advice and lose money? Or is it just their client who follow the advice end up losing money.

Thu, 04/14/2011 - 22:55 | 1171227 PulauHantu29
PulauHantu29's picture

I bet Goldham Slacks bought tons of oil yesterday after duping the Hoi Polio into selling theirs. ANYONE who reads the news sees what is happening in the Middle East and North Africa.

Oil and Gold are only going up.

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