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Citi Tells Clients To Avoid Steve Cohen

Tyler Durden's picture





 

If the beginning of the end started two years ago as we predicted, is this end of the end?

  • CITIGROUP PRIVATE BANK SAID TO PUT SAC CAPITAL ON `WATCH' LIST
  • CITIGROUP SAID TO ADVISE CLIENTS AGAINST ADDING MONEY TO SAC
  • CITIGROUP PRIVATE BANK ALLOCATES CLIENT MONEY TO HEDGE FUNDS

Next up: all other private wealth groups halt capital allocations to SAC? Redemptions of all non-employee funds and liquidations? FBI raids, but only after orderly winddowns? It sure gets interesting...

And without Stevie Cohen running stops 24/7 in ES and every other stock that is still widely traded, what then? Will GETCO run the entire market?

 


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Wed, 12/05/2012 - 14:04 | Link to Comment HD
HD's picture

Speaking of running stops - Obama must of had SPY calls today...

Wed, 12/05/2012 - 14:12 | Link to Comment SilverRhino
SilverRhino's picture

Speaking of Cohens to avoid.   Stay away from the Cohen Mint. 

http://rhodiumcoin.com/

http://beforeitsnews.com/gold-and-precious-metals/2012/09/cohen-mint-sca...  

 

 

Wed, 12/05/2012 - 14:51 | Link to Comment nope-1004
nope-1004's picture

Citi Tells Clients To Avoid Steve Cohen

 

LOL.  Prisoners dilemna at its finest.  From one crook to another, they pass advice onto the public.  LOL.  The financial sector is an unmitigated joke!

 

Wed, 12/05/2012 - 15:08 | Link to Comment ArkansasAngie
ArkansasAngie's picture

As in Goldman telling folks to sell their gold.

Wed, 12/05/2012 - 14:13 | Link to Comment slaughterer
slaughterer's picture

RUMOR:

MARKET TALK THAT THE OBAMA ADMINISTRATION WILL BE APPOINTING KEVIN HENRY AS NEW TREASURY SECRETARY

 

/s

Wed, 12/05/2012 - 14:49 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Gird your Insider....I mean Expert Networks, bitchez!

In other news, going over, under or through the cliff should light a fire under all risk and non-risk assets alike in Uncle Bernank's Everyone's A Winner & There's No Losing Side of the Wager Casino!

 

Cliff diving! Weeeeeeeee!!!!!!!!!

Wed, 12/05/2012 - 15:31 | Link to Comment greenEagles
greenEagles's picture

Rather humourous considering SAC has some large accounts held in Citi Prime.  But you didn't hear that from me...

Wed, 12/05/2012 - 14:04 | Link to Comment Darkness
Darkness's picture

haha, none of their clients care. Money, money, money...

Wed, 12/05/2012 - 14:05 | Link to Comment Inthemix96
Inthemix96's picture

Citi???

If these bunch of thieves told me it was the 5th of December 2012, I would still check.

The fuckers couldnt lie straight in a gutter.

Wed, 12/05/2012 - 14:46 | Link to Comment Levadiakos
Levadiakos's picture

The cult of Rubin. Bobby learned his special techniques at the knee of Bubba.

Wed, 12/05/2012 - 14:06 | Link to Comment slaughterer
slaughterer's picture

SAC willl be dumping its core holdings this week.   

Wed, 12/05/2012 - 14:07 | Link to Comment LongSoupLine
LongSoupLine's picture

How do know end game is here?...

When fucking crooks are headlining to avoid crooks. The beast is feeding upon itself now.

Fuck you Citi and Cohen. Fucking die.

Wed, 12/05/2012 - 14:36 | Link to Comment Freddie
Freddie's picture

 +1 Million

Citi is the dirtiest and most corrupt Al Waleed bank and Cohen is scum.

Wed, 12/05/2012 - 15:08 | Link to Comment SheepDog-One
SheepDog-One's picture

Yep, the vampires are out of victims now and are turning to attack each other.

Wed, 12/05/2012 - 15:11 | Link to Comment ArkansasAngie
ArkansasAngie's picture

Gee ... If only that were true it would be a really super duper day

Wed, 12/05/2012 - 14:07 | Link to Comment rqb1
rqb1's picture

you can't trade this market, unless you study & do large amounts of research and then do the exact opposite of your conclusions

Wed, 12/05/2012 - 14:17 | Link to Comment catacl1sm
catacl1sm's picture

Way too much work. Just flip a coin.

Wed, 12/05/2012 - 14:08 | Link to Comment Qualitative Tig...
Qualitative Tightening's picture

If it's between SAC and Citi, I'd rather have my money at SAC.

Wed, 12/05/2012 - 14:08 | Link to Comment IamtheREALmario
IamtheREALmario's picture

Doesn't Stevie have a "special" relationship with JPM? If Stevie goes down then JPM will most likely benefit as they did with Corzine. That alone is reason enough for Citi to warn clients away.

Wed, 12/05/2012 - 14:09 | Link to Comment slaughterer
slaughterer's picture

I thought Falcone would be BK before Stevie.  Surprise, surprise. 

Wed, 12/05/2012 - 14:45 | Link to Comment Freddie
Freddie's picture

LOL!  This thread needs a lovely photo of Lisa Falcone pre and post meth/crank addiction.

https://www.google.com/search?num=10&hl=en&site=imghp&tbm=isch&source=hp&biw=1280&bih=763&q=lisa+falcone&oq=lisa+falcone&gs_l=img.3...1828.5297.0.5547.12.9.0.3.0.0.375.1078.3-3.3.0...0.0...1ac.1.i3fX6jEbTeM

Poor Phil - what a dope but he is an obama supporterr.

Wed, 12/05/2012 - 14:54 | Link to Comment slaughterer
slaughterer's picture

Lisa is MY sweet rose from Spanish Harlem now. 

Wed, 12/05/2012 - 14:19 | Link to Comment Mercury
Mercury's picture

Hot damn! Bring on the RFPs!

Wed, 12/05/2012 - 14:19 | Link to Comment comrade rally monkey
comrade rally monkey's picture

What ? SAC can't short stocks anymore? ok...the spu's can now test infinity.

Wed, 12/05/2012 - 14:22 | Link to Comment ThisIsBob
ThisIsBob's picture

Now that his team can't trade (as much) on inside information, what good is he, who needs him?

Wed, 12/05/2012 - 14:39 | Link to Comment Freddie
Freddie's picture

Bingo! 

How did Stevie get on the muslim's bad side?   Did Stevie forget to pay his cut to our Dear Mullah?

Wed, 12/05/2012 - 14:23 | Link to Comment Inthemix96
Inthemix96's picture

The Nuremburg trials would be too good for the bastards at citi.

The best thing the law (I know), at this point could do is take these fuckers and line them up against a wall, and give them the one shot solution to all of humanitys problems.  Filthy mother fuckers.

Wed, 12/05/2012 - 14:31 | Link to Comment Dr. Engali
Dr. Engali's picture

Shouldn't Citi be telling clients to avoid Citi?

Wed, 12/05/2012 - 14:33 | Link to Comment Glass Seagull
Glass Seagull's picture

Drrrrrrrrrroooooooiiiiiiiiiiddddddddd

Wed, 12/05/2012 - 14:41 | Link to Comment NoDebt
NoDebt's picture

It does little good to invest money with a joint AFTER they have been caught insider trading.  All the gains have been had, game is up.  You want to invest WHILE they are doing insider trading.  That works much better.

Nice "shut the barn door after all the horses are already gone" heads-up from Citi.  How timely and worthwhile that they made that bold call today.  I'm sure their wealth management clients really appreciate them being on the ball like that.

 

 

Wed, 12/05/2012 - 14:42 | Link to Comment walküre
walküre's picture

I currently and constantly recommend to anyone they switch from all conventional institutes and bank under Serta or Sealy.

Neither Serta nor Sealy are offering any returns on your cash holdings but they don't charge any fees either. Your funds are always accessible at anytime, any day 24/7 and 365. Serta and Sealy are not closed ever for any holidays, current or future. I further recommend to have a variety of bills and coins as opposed to having only large bills under those preferably firm institutions.

Wed, 12/05/2012 - 15:13 | Link to Comment LostAtSea
LostAtSea's picture

feds are after him because he bet against Apple:

http://www.forbes.com/sites/steveschaefer/2012/05/15/steve-cohens-sac-ca...

 

Wed, 12/05/2012 - 22:10 | Link to Comment DollarDive
DollarDive's picture

 

 

 

Fucking Brilliant.... how did he ever figure that AAPL was overpriced.  What a fucking genius.  

It's really starting to feel like moving the deck chairs around on the Titantic.  Banks attacking their clients - hedge funds shorting their brokers....it's a fucking mess.  

 

Doug Kass tells me that I should be long financials though..... hahahahahahahahahah.

 

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