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Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth"
Good news, bad news, no news, dips, no dips, who cares. As Goldman sales/trading desk says, never look a gift-Bernanke in the mouth (especially if he ends up in a frozen lasagna at a store near you).
From GS:
A solid rally today and new cycle highs for US equities – but that’s where the story stops. No obvious catalyst. No bullish data. European stocks traded well, with most people pointing to a better German ZEW print, but it’s not clear why that would translate into such a strong US trading session. Maybe it’s best though not to look a gift-horse in the mouth.
One can't help but laugh at this "market."
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Don't put gifted horse meat in your mouth.
Is there a "market" out there?
A gift-horse, a gift-horse ! My kingdom for a gift-horse !
All that paper's getting a little hot to hold...who will buy my paper? ;-)
Around here you can tell a horses age by looking at his teeth, if you look in there, and the horse has no teeth, that's an old horse.
I rushed into this thread dearly hoping it was heavily laden with horsemeat jokes and I didn't have to go farther than the first comment. I love ZH.
What do I fear ? Myself ? There’s none else by.
Lloyd loves Lloyd; that is, I and I.
It doesn't matter, Bernanke and the Fed will make a market with their infinite fiat.
"Has the Federal Reserve Ever Tried to Manipulate the Stock Market?"
http://www.youtube.com/watch?v=mXmNpdYpfnk
i don't want to cry so i laugh at my put positions
Tyler, is it possible that the "great rotation" out of bonds and into stocks is taking place in an unexpected form, namely out of JGBs and into US stock market?
Martin Armstrong's take is that with the fall of Europe and Japan, the USA are currently the only game in town which might explain why we could see new highs in US equities.
http://armstrongeconomics.com/2013/02/07/japan-russia-dow-dollar-bears/
What do you think?
Interesting. Thanks for the link.
If we're going to crash hard into a full on depression expect a hell of a wild bender ride first
okay, ONE MORE FUCKING TIME, TAXPAYER/INVISIBLE FIAT DIGITS ARE GIVEN TO SLIME BALL BANKERS, SAID BANKERS DON'T LOAN THIS FREE FUCKING "MONEY" OUT, THEY DUMP IT INTO THE MARKET WHERE THEY CAN GO UP, OR DOWN IN A NANO SECOND AND FUCK EVERYBODY ELSE THATS IN THE WAY. THEY CAN'T LOSE WHEN PLAYING WITH THE HOUSES MONEY! IT'S CALLED THE WEALTH EFFECT, CONJURED UP BY NONE OTHER THAN WALL STREET BOUGHT AND PAID FOR GOVERNMENT OFICIALS. NO VOLUME, NO PROBLEM, WHO CARES.
Damn man, you are going to run zerohedge out of black ink...
don't worry about the INK, READ THE MESSAGE.......................................
REFUSE to PLAY. Pull your damn cash. Damn people. It's simple. The house is stacked against you. Pay off your debt if you have any and sit back, enjoy the show, and sleep soundly knowing they have nothing of yours to steal. The MARKETS ARE DEAD. YOU ARE OUT GUNNED, OUT MANNED, OUT HFT'ed, SIMPLY PUT, YOU ARE BEING OUT MANIPULATED. ENOUGH IS ENOUGH. SCREW EM'!
Gold and Silver are being crushed by paper games. When they push it low enough and you are afraid of inflation then go buy some. Other than that stop whining. It will never cease untill we pull our willingness to play the fucking dream (nightmare) with placed bets they can steal.
EXIT THIS ABORTION UNTILL THESE ASSHOLES GET THE MESSAGE. Stop fucking around and correct this bull shit mess once and for all. Untill then fuck em'. ABORT!
Sounds like a passive aggressive dig at Moe and the SEC. Fuck with us we wipe out everyone's savings in a rigged stock market crash. I say bring it mother fuckers and so we can hang your asses on it.
Like the owners of the SEC have any need to scare the hired help!
You need to stop following the script (especially the scene where you get even with them after the crash).
I see this as nothing more than GS having to say something, yet having absolutley nothing to say that wouldn't be incriminating.
The idea that GS has an adversarial position with the SEC is juvenile. They own it, and they've always owned it.
I tend to believe that also but I'm willing to give Moe at least one shot to prove she isn't more of the same. I still say the statement is a passive aggressive pot shot reminding everyone who calls the shots with this market.
There is absolutely no way on Earth that she'd ever gotten the job if that were the case.
Remember, ALL of these people, including O'bummer, are thoroughly vetted (read: black-mailed) to ensure loyalty.
If anything, the pot shot you see is merely manufactured to give you another glimmer of hope.
Even if Moe is on the payroll, the fact they even feel the need to put up a fake good cop in the name of appearances is telling that they are concerned about the negative sentiment being voiced in comments in places like here and individual blogs. The open information revolution is rattling them....
Okay explain to me how it is a glimmer of hope? Serious question not being sarcastic.
Have you worked in the corporate world and swam a bit with the sharks? Even in those swarmy pools, they only promote their own... So in those deep waters there is no chance anyone doesn't play along for fear of being drowned instantly
When they retire and write a book they can be honest about things from 30 years ago
Though what are the chances ther's going to be a global economy - methinks GS, for all it's balls, might've hitched to the wrong wagon
As I've been saying over and over and over and over.
This casino can only and only and only go higher. It has been like that since Dow at 10k.
No news needed, no events required.
A 1987 repeat is at hand, very soon. A collapse with no news, no events.
A collapse out of silence, as soon as Obama gives the HALTING order to Benny B.
People (lots of them, including all the so-called "experts", like Bernanke) said the same thing about the real estate market. It can ONLY go higher. That worked out well for a lot of people, now didn't it?
Our favorite casino managers got big raises today...Moynihan grabs a 71% raise for selling assets and firing people.
http://www.bloomberg.com/news/2013-02-19/bofa-grants-chief-moynihan-11-million-in-stock-bonus-for-2012.html
Value is dead , Cost is king
Obummer will never give Benny the halting order - Obummer works for the banksters not the other way around. This market will keep going higher until there are sufficient sheep funds to be stolen. That may take awhile.
buy the pink-slime dip!
http://www.newyorkfed.org/markets/tot_operation_schedule.html
February 19, 2013 February 20, 2013 Outright Treasury Coupon Purchases 02/15/2036 – 02/15/2043 $1.25 - $1.75 billion
February 20, 2013 February 21, 2013 Outright Treasury Coupon Purchases 05/15/2020 – 02/15/2023 $2.75 - $3.50 billion
Meanwhile, with only $3B, FDR bought ALL of the damn local political machines, nationwide.
Interpolating from this, I can only assume that war is but weeks away.
That gifthorse meat is just being used to bail out the ECB banking system anyways...
It's a freaking European delicacy.
it's just the same 500 shares trading back and forth all day long
Its not a gift horse if it can be taken back from you.
Best sell it and realize the gift for what it is I suspect.
You also have to take the "Goldman loves to fuck its client over" factor into effect. There is no telling what Goldman is doing investment wise..
Bernake is a horses ass and this is criminal fraud rather than a market.
"Maybe it’s best though not to look a gift-horse in the mouth."
Close your eyes and keep breathing, it will all be over soon.
That's what I say to my wife. Well, not the whole sentence. Ok, one time. One time I got to say the whole sentence. What a night that was.
There must be two Goldman Sachs? A good one that gives good investment advice, and a bad one that fucks people over every chance they get............. No??
There is a ..... good..... GS?
sorry I think you have overdosed on something that has severely affected your mind
Well, he is A Lunatic, after all.
That was Not Applicable.
Bernank's $ 85B/mo payoff key must have been fat fingered today. That's a lot of fiat moving things. The squid already knows this.
Straight from the horse's mouth.
GS, the first one to sell whenever they find a scapegoat event good enough ...
It's a laugh riot for sure
Even funnier is the people that say.."look at the stock market, everything's fine"
Blind in one eye, can't see out of the other
Is this the same gift horse the Europeans have been eating?
"This is not the beef you're looking for..."
It is groundhog.
No, their's is of the 'Trojan' variety.
"Best Not To Look A Gift-Lasagne In The Mouth"
At least those guys that boosted that jet in Brussels for $50 million in diamonds had to take some risk for their gains. talk about some big clanging balls.
I wish I'd been with them - predominantly rough, uncut and untraceable diamonds; beautiful
although with Europe in the economic shitter and the jews running the diamond market it could have been an inside job to generate some cash with a big insurance claim with the owner claiming whatever he felt like since they were rough stones. I read that the insurance was cheap to transport them by plane since no one can steal them while inflight-but since the theft was while they were being loaded onto the plane I sense a big insurance company fight about who should pay out. although-yes-it was a bold theft with many risks.
They have nothing on the Lufthansa Heist. Anyone remeber that Krugman? It is much easier these days, no need for all the drama, the heist take place in plain sight with no one the wiser.
Ahh, to reminisce about the good old days.
http://www.youtube.com/watch?v=_YT9cWkmw74
Meet the new GoodFellas. You could never have gotten so many made men in one room back in the day:
http://nytdealbookconference.com/speakers.php
Try not to forget this, whatever you do:
http://www.youtube.com/watch?v=LbnzhTmiyec
Tyler is bearish? What a surprise!
The Unicorrns shitting skittles under rainbow filled skies are over on CNBS and CNN.
The choice, as always, is yours and yours alone.
"The farce can have a strong influence on the weak-minded." - Obi Wan Bernanke
What about a gift donkey? In the unlikely event I come across one the first thing I'm going to think is "I wonder how many ready-meal
lasagnes I can get out of that?"
I find the whole horse meat thing funny. Hell, it's not as if anyone noticed when they were eating it. In future they should just label
them "Horse Lasagne" or "Donkey Lasagne" or "Horse Lasagne With Added Donkey" and price accordingly. Hell, the French will buy them
for starters.
This time next year....
Just call it the Whinny Burger.
And horse in Lasagne is fine as long as you don't call it beef. Just call it mystery meat, and then it can legitimately be anything - even groundhog.
A horse walks into a bar.....
Buy stock in the only thing that matters, market symbol YOU and when it colapses out it won't matter to you and you can buy a cheap hedge from any insurance company.
Duplicate
this jackass on cnbc at the end of the day said that he believes we still have 5 percent to go up from here, and that after that we may get a bit of a correction, but then by summer we go much higher. the asshole was making it seem like everything is great around here.
fuck him, i hope he loses his shirt
With due respect, THAT is nothing...
A respected mind, who called, "major upside" at 1100, wayyy back in the day...recently proclaimed that there's another 100% upside from here, starting right now...to last until 2015.
It will be funny, I guess, to sit around the zh campfire and laugh at the "cool kids" while they make trillions...sitting out the greatest Bernanke Bull Market in history...
The Tyler's better be damn funny while I chortle away 100% "growth" on the S/P until 2015....AND then finally the market "crashes" back to 1500!!!
The Horror...of it all...oh well...there's always FaceBook Financial News Network....and Business Insider Yahoo Finance.
I don't know why "socialist" Obama would want a high stock market. Seems his agenda would be better served blowing up the 1%ers and lowering crude prices to help the lower class.
It is exactly what he wants. The money tap is diverted away from the very people who need it the most to stranglehold the economy which as the least dignified break first become dependent on the wellfare state. The wolves get to be wolves and in the process help O'great one foward his fabian socialist agenda. One hand washes the other.
ROTFLOL!
Are you up out your gotdamn mind?
Here's a clue, neither O'bummer, nor any predecessor since JFK has their own "agenda" about ANYTHING.
THEY ARE PUPPETS!1111!!1
O'bummer's agenda? Tee times. If he's lucky, as a reward, just maybe he gets to pick out the boy he's gonna screw later (after picking out the ones to be droned first).
Hasn't anyone told you that politics isn't real?
JFK and Eisenhower were our last real presidents. I do think Reagan believed the right things and did some good on principle, but overall the globalists whored the old man out without him even knowing it (alheizmers)
Obama loves the 1%-ers, as long as they contribute to his campaigns. They are truly his favorite people. Especially if they are financial types, and don't touch dirty things like coal and oil. Yes, he throws rhetorical bones to the masses of ignorant rabble, and tosses some benefits and obamaphones around, but banksters are too big to jail. And Obama schmoozes with the tech bigwigs of Google, Facebook, and Apple. After all, those tech companies made his reelection GOTV machine work. They are the main reason he has a 2nd term.
Send in the clowns... (muppets)
Whinny...Whinny...snort, snort. (paws hoof at the ground)
And when there isn't a cloud in the sky, and you happen to be walking by 200 West Street, New York, you should not question if it is rain streaming on your head either, right?
Fed equity rallies: linear as all get-out. Ben must subscribe to Laslo's newsletter about that stick he uses to project everything.
Ben's got a woody?
It's Bubble Bernanke and the Fed laughing all the way to their banks. Controlling the equity markets as well as the bond markets. They control everything with their infinite fiat money machine.
The monthly liquidity just keeps adding to the sea of liquidity. Member banks have to invest it so they buy equities.
They can't stop or the end game.
Legal fraud is all
horse sense is the thing a horse has that keeps it from betting on people. (with PhDs)
Translation of ""Best Not To Look A Gift-Horse In The Mouth" when included in a Goldmember report . . .
IS:
You might as well bend over and put lipstick around your asshole and smile, cause you're going to get shtuped one way or another.
follow us: http://trendybull777.blog.com/2013/02/20/special-rubrics-from-around-wor...
I agree with Goldy Sachen on everything he says,untill it failes!
If I had the energy, I would track two fake piles of $10,000.
One pile to invest exactly as GS says, the other pile to do exactly the opposite.
After 1 year, I wonder....
Say WHAT ?! I would think GS would know very well why the market ramped today -- it's because the dorks on their algo desk pressed the "slow ramp" button at 12:30, then increased the throttle at 2:10 so they could get it going before the normal back-from-lunch 2:30 crowd piled in to take their little morsels higher.
Apparently, they did another type of DNA test for horses, this time on the GS trading desk but, curiously, only found material from the hind quarter of the animal, and at a much larger % than Nestle discovered in their lasagne . . .
Sooooo .. Goldman told the Muppets to keep buying 'no matter what.' Should I assume that's the traditional, contrarian signal?
Just more BS squid talk.
Heck, quit trying to rush it!...Show some patience, like me...The longer the wait, the bigger the payoff!!
all the sweeter
Fuck G Sacs, and fuck any horse with a gifted mouth...
Kevin Henry cums to mind.
Remember
In Zimbabwe the stock market led the way, up by trillions of percentage points. In the end, per Kyle Bass, you could trade it all for 3 eggs.
If Bernacke does continue to add 85 billion per month (and he seems to be an honest kinda guy) it is not unreasonable to expect some, perhaps a lot of, increase in the index. Games will be played along the way but DOW 35,000 ?...sure. As per Daniel Amerman....that would be a really really bad thing as post taxes your purchasing power would go to zip.
Financial repression and asset inflation, these are classic, well known central bank playbook items. There should be no surprises for the well read.
BE CONSISTENT ZEROHEDGE !!! 90% OF THE TIME YOU SPIT ON GS, BUT WHEN IT SERVES YOUR ARGUMENT, YOU SAY : "LOOK WHAT A SMART THING GS JUST SAID..." COME ON...