• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Goldman 'Explains' The 'Market': "Best Not To Look A Gift-Horse In The Mouth"

Tyler Durden's picture


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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Tue, 02/19/2013 - 19:11 | 3257730 SHEEPFUKKER

Don't put gifted horse meat in your mouth. 

Tue, 02/19/2013 - 19:16 | 3257749 FL_Conservative
FL_Conservative's picture

Is there a "market" out there?

Tue, 02/19/2013 - 19:48 | 3257799 Richard III
Richard III's picture

A gift-horse, a gift-horse ! My kingdom for a gift-horse !

Tue, 02/19/2013 - 19:54 | 3257820 nmewn
nmewn's picture

All that paper's getting a little hot to hold...who will buy my paper? ;-)

Wed, 02/20/2013 - 03:25 | 3258666 redpill
redpill's picture

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.


Tue, 02/19/2013 - 20:17 | 3257871 Jay Gould Esq.
Jay Gould Esq.'s picture

What do I fear ? Myself ? There’s none else by.
Lloyd loves Lloyd; that is, I and I.

Tue, 02/19/2013 - 20:08 | 3257850 yogibear
yogibear's picture

It doesn't matter, Bernanke and the Fed will make a market with their infinite fiat.

Tue, 02/19/2013 - 20:17 | 3257865 Cult_of_Reason
Cult_of_Reason's picture

"Has the Federal Reserve Ever Tried to Manipulate the Stock Market?"



Tue, 02/19/2013 - 22:49 | 3258272 Groundhog Day
Groundhog Day's picture

i don't want to cry so i laugh at my put positions

Tue, 02/19/2013 - 19:20 | 3257758 lineskis
lineskis's picture

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.


What do you think?

Tue, 02/19/2013 - 19:55 | 3257822 Careless Whisper
Careless Whisper's picture

Interesting. Thanks for the link.

Tue, 02/19/2013 - 20:59 | 3257951 dark pools of soros
dark pools of soros's picture

If we're going to crash hard into a full on depression expect a hell of a wild bender ride first

Tue, 02/19/2013 - 20:25 | 3257879 H E D G E H O G
H E D G E H O G's picture


Tue, 02/19/2013 - 20:39 | 3257908 Hulk
Hulk's picture

Damn man, you are going to run zerohedge out of black ink...

Wed, 02/20/2013 - 00:27 | 3258478 sgorem
sgorem's picture

don't worry about the INK, READ THE MESSAGE.......................................

Wed, 02/20/2013 - 07:34 | 3258788 LongBalls
LongBalls's picture

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! 

Tue, 02/19/2013 - 19:30 | 3257735 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

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.

Tue, 02/19/2013 - 20:00 | 3257833 NotApplicable
NotApplicable's picture

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.

Tue, 02/19/2013 - 20:09 | 3257852 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

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.

Tue, 02/19/2013 - 20:15 | 3257868 NotApplicable
NotApplicable's picture

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.

Tue, 02/19/2013 - 20:32 | 3257881 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

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.

Tue, 02/19/2013 - 21:07 | 3257969 dark pools of soros
dark pools of soros's picture

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

Thu, 02/21/2013 - 05:37 | 3262525 Tic tock
Tic tock's picture

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

Tue, 02/19/2013 - 19:13 | 3257737 ekm
ekm's picture

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.

Tue, 02/19/2013 - 19:18 | 3257754 FL_Conservative
FL_Conservative's picture

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?

Tue, 02/19/2013 - 19:40 | 3257789 Rainman
Rainman's picture

Our favorite casino managers got big raises today...Moynihan grabs a 71% raise for selling assets and firing people.




Tue, 02/19/2013 - 21:10 | 3257979 dark pools of soros
dark pools of soros's picture

Value is dead , Cost is king

Tue, 02/19/2013 - 20:06 | 3257847 AllWorkedUp
AllWorkedUp's picture

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.

Tue, 02/19/2013 - 19:16 | 3257739 mantrid
mantrid's picture

buy the pink-slime dip!




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

Tue, 02/19/2013 - 20:03 | 3257836 NotApplicable
NotApplicable's picture

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.

Tue, 02/19/2013 - 19:13 | 3257740 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

That gifthorse meat is just being used to bail out the ECB banking system anyways...

Tue, 02/19/2013 - 19:19 | 3257760 FL_Conservative
FL_Conservative's picture

It's a freaking European delicacy.

Tue, 02/19/2013 - 19:13 | 3257741 buzzsaw99
buzzsaw99's picture

it's just the same 500 shares trading back and forth all day long

Tue, 02/19/2013 - 19:14 | 3257742 astoriajoe
astoriajoe's picture

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.

Tue, 02/19/2013 - 19:34 | 3257778 Bobbyrib
Bobbyrib's picture

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..

Tue, 02/19/2013 - 19:14 | 3257743 Everybodys All ...
Everybodys All American's picture

Bernake is a horses ass and this is criminal fraud rather than a market.

Tue, 02/19/2013 - 19:14 | 3257746 fuu
fuu's picture

"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.

Tue, 02/19/2013 - 20:07 | 3257849 Oldballplayer
Oldballplayer's picture

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.

Tue, 02/19/2013 - 19:15 | 3257747 A Lunatic
A Lunatic's picture

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??

Tue, 02/19/2013 - 19:43 | 3257793 Racer
Racer's picture

There is a ..... good..... GS?

sorry I think you have overdosed on something that has severely affected your mind

Tue, 02/19/2013 - 20:04 | 3257841 NotApplicable
NotApplicable's picture

Well, he is A Lunatic, after all.

Tue, 02/19/2013 - 21:33 | 3258047 toys for tits
toys for tits's picture



That was Not Applicable.

Tue, 02/19/2013 - 19:22 | 3257750 Rainman
Rainman's picture

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.

Tue, 02/19/2013 - 19:19 | 3257759 ABG LINE
ABG LINE's picture

Straight from the horse's mouth.

Tue, 02/19/2013 - 19:19 | 3257761 SilverMaples
SilverMaples's picture

GS, the first one to sell whenever they find a scapegoat event good enough ...

Tue, 02/19/2013 - 19:20 | 3257762 Phoenix_Rising
Phoenix_Rising's picture

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

Tue, 02/19/2013 - 19:24 | 3257764 ebworthen
ebworthen's picture

Is this the same gift horse the Europeans have been eating?

Tue, 02/19/2013 - 19:53 | 3257819 JenkinsLane
JenkinsLane's picture

"This is not the beef you're looking for..."


Tue, 02/19/2013 - 22:18 | 3258171 andrewp111
andrewp111's picture

It is groundhog.

Wed, 02/20/2013 - 00:43 | 3258503 ZeroAvatar
ZeroAvatar's picture

No, their's is of the 'Trojan' variety.

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