This page has been archived and commenting is disabled.
The Muppet Slaying Continues: TYM3 Edition
Another day, another muppet-slaying by the true master. Recall Goldman Sachs from April 10:
We recommend going short 10-year US Treasuries via June futures (TYM3) at the current level of 132-20 for an initial price target of 130-00 and stops on a close above 134-00. In yields space, the corresponding move is from the current 1.76% to around 2.10%, and stops on a close around 1.60% - corresponding to the lows from last November.
Fast forward to today where just out from Bloomberg we read...
- TY Poised for Highest Close Since Dec. 11
And visually:
Sorry muppets, you just got slain. Again.
»
- 9756 reads
- Printer-friendly version
- Send to friend
- advertisements -
Time Has Come Today by The Chambers Brothers
Time has come today
Young hearts can go their way
Can't put it off another day
I don't care what others say
They say we don't listen anyway
Time has come today
(Hey)
Oh
The rules have changed today (Hey)
I have no place to stay (Hey)
I'm thinking about the subway (Hey)
My love has flown away (Hey)
My tears have come and gone (Hey)
Oh my Lord, I have to roam (Hey)
I have no home (Hey)
I have no home (Hey)
Now the time has come (Time)
There's no place to run (Time)
I might get burned up by the sun (Time)
But I had my fun (Time)
I've been loved and put aside (Time)
I've been crushed by the tumbling tide (Time)
And my soul has been psychedelicized (Time)
(Time)
Now the time has come (Time)
There are things to realize (Time)
Time has come today (Time)
Time has come today (Time)
Can someone put out a study showing investment returns/yields when doing the complete opposite of what GS says to do? That should be interesting. Real fucking interesting.
When do you take profit on the reverse? On their stop?
I believe the proper reference should be to this muppet: http://www.youtube.com/watch?v=qVE60zwXx1k
for shits and giggles...watch this after http://www.youtube.com/watch?v=Nt-QVT1I2Gs
Kermit had a rough day. When is Miss Piggy going to get shoved in front of a bus?
MMMMMMmmmmmmmm... BAD DEFLATION!! BAD!!
Are we learning anything yet Ben???
Forget that s#!t...Just check what the Principals are doing with THEIR OWN accounts...?!?!
Wait, excuse me . . . did vibrant GDP growth suddenly appear? Last year's avg was what, 1.4%? That was WITH about 1.1 Trillion of fiscal stimulus (aka deficit).
So why are rates supposed to go up? How can they go up with no growth?
I don't think anyone intelligent takes GS' signals at face value. The thievery can't be this obvious. Why would "investors" continue listen to their advice? (Unless *everyone* already knows to do the exact opposite of what GS recommends). Even muppets eventually learn that GS front runs their own advice and is unloading stuff out the back door when they're signaling BUY ratings on securitires.
Anyway, the bond market is a lions den. Can't even buy a bond without calling a bankster, correct? And the Primary Dealers (banksters again) get first dibs on POMO/WI-flipping? The hell kind of rigged game is this?
yep like the same guy gets bingo every single time, lucky guy gets his numbers called all the time!
Best....contrarian....indicator.....ever.
One of the most awesome bridges ever done.
Thank you. Cowbell lovers it doesn't get any better than this.
lulz
Maybe $gs is right next week, when most Muppsters lost confidence and went long?
"Hey everybody, we're all gonna get slayed!"
Let's see...I think they call them brokers for a very interesting reason....
Have you guys seen this article from Rolling Stone? It's awsome:
http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425
I keep hoping the Tylers will put that up before everyone goes home for the weekend.
Funny stuff, nice to see Breuer has bounced back, knew he had it in him!
The presence of Covington & Burling in the suit – representing, of all companies, Citigroup, the former employer of current Treasury Secretary Jack Lew – was particularly galling. Right as the Libor case was being dismissed, the firm had hired none other than Lanny Breuer, the same Lanny Breuer who, just a few months before, was the assistant attorney general who had balked at criminally prosecuting UBS over Libor because, he said, "Our goal here is not to destroy a major financial institution."
Love these guys:
SWISS FRANC TRADER: can u put 6m swiss libor in low pls?...
PRIMARY SUBMITTER: Whats it worth
SWSISS FRANC TRADER: ive got some sushi rolls from yesterday?...
PRIMARY SUBMITTER: ok low 6m, just for u
SWISS FRANC TRADER: wooooooohooooooo. . . thatd be awesome
Best Sushi for favour transaction ever!
"These banks, which already possess enormous power just by virtue of their financial holdings – in the United States, the top six banks, many of them the same names you see on the Libor and ISDAfix panels, own assets equivalent to 60 percent of the nation's GDP – are beginning to realize the awesome possibilities for increased profit and political might that would come with colluding instead of competing."
^^ No Shit, but uh oh nonetheless.
Read more: http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425#ixzz2RbQZveBoMatt Taibbi is a Zero Hedge co-opter.
He might as well garnish his column with quotes from a fonzanoon/kito conversation.
He is writing for people who don't have money. Musicians.
Yes, I am that hardcore.
?
I LOLed.
I gotta give Matt a little more credit than that though. After all, I've yet to see the Sushi quote here.
Oh, and since when do musicians read RS? Like you said, they gots no monies.
TOTAL B S. It should have been titled, "Everything Is Rigged CUBED"...these Clowns at R S forgot LEVERAGE...!! It is MUCH worse than they say....!!
sooner,... much sooner than later, the estute mr.xi chinaman, will show the financial world what the proper recourse will be for malfeasance and over indulgence at the people's expense-- it will be a firing squad that wakes the entire materalistic capitalist 'free-world cronies, tbtj'... that upon ever lush meadows be a suitable hanging tree and a taylor'd made noose when vigilantes decide enough is enough and cracks some chicken-hawk necks!!!
And most of them probably don't even realize it.
What your pension fund manager isn't telling you can hurt you.
+1
Doing Gods work
I had a client bring in a prospectus for an 5% equity linked CD from Goldamn for me to look at it. Inside the prospectus under risks there was a statement that read (and I'm pharaphrasing) "You should assume that Goldman Sachs is betting against this product". Nothing like letting the muppets know they intend on slaying them in writing.
How many paragraphs did it take them to obfuscate that?
WHATEVER THE FUCK GOLDMAN SUCKS SAYS, DO THE OPPOSITE. RINSE, LATHER, REPEAT.
Did Goldman recommend Amazon...say, that is a real winner..only down 7% today..wow
I think Goldman has killed off all the Muppets. They've moved on to Fraggles.
No individual should be allowed to gamble in currency markets. One more vile casino game that was once the province of multinational companies now corrupted so that every pathological addict can "trade" another nations money at will from his smelly sofa in his stained underwear.
just one more perversion of the system
There's that autocratic, sociopathic, evil "should" again from you.
My, you really do think that YOU have all the answers, and have the right to impose your will on mankind, don't you?
It's always about coercion with statists. And narcissists. And sociopaths.
You are wrong. There are legitimate needs and uses for commodity and currency exchanges. Then there are the de-stabilizing speculative gambling uses. One (the first) lends stability and predictability the other (the second) distorts markets and causes untold harm to society at large. Just like the deriviatives did in housing. Were you for credit default swaps squared? Synthetics, naked shorting etc?
I am for forcing child slaves to clearcut the rain forests so that they can destroy the environment by mining evil gold with megatons of mercury so that immoral "hoarders" can selfishly sit on their unnecessary gold coins and eagerly await Armageddon while fondling their guns in their bunkers.
There is probably too much truth to that statement. Sorry you are not capable of engaging in an adult conversation.
Go change your diaper --- it stinks. Again.
Says the person who just misconstrued TWO posts in a row.
Question is, why?
It doesn't matter what the reason is. Que sera, sera.
Question is, how much would pay for a Bozo Button here?
Why do you state that akak is wrong, then proceed to ignore the entire point he made by inserting a totally different conversation around your initial point (which is wholly moot to his point)?
Is following logic really that difficult, or are you just doing whatever it takes to avoid addressing it?
Just as he refuses to explain how those who hold gold, as opposed to almost any other good, are immoral and evil "hoarders". But as this PUD is obviously a troll pushing an agenda, rather than an honest member willing to engage in honest and logical discussion, it is futile to try to make him acknowledge the evasive and irrational nature of his postings here.
I don't single out gold but gold is the topic of these posts. Therefore I stick to the topic. Hoarding grains or oil would be just as evil as it affects the lives of real people across the globe. Gold is unique in that it is the most filthy of operations and its contamination lasts for generations.
you and the other 'stackers' contribute to the pressure to mine even more thus you are responsible for the continued enslavement of people and the continued degradation of many eco systems. you are guilty as charged more so because you do not have to do this..you choose to do it. you choose to do it despite now being aware of the consequences. you simply do not care about the welfare of others and that, like a banker, makes you evil.
Even assuming that you are an honest poster and not a kneejerk or paid anti-gold troll (an assumption which I do not share), it is abundantly obvious that you have no knowledge of history or economics.
Those you disparage as "hoarders" actually not only provide a valuable service to an economy, but are essential to a complex industrial society such as ours, by serving as buyers of goods when those goods are abundant and their prices are low, and by then releasing those goods into the economy when they are scarce and their prices are high, being duly compensated for the effort, time and risk involved in holding those goods.
You are woefully naive and/or ignorant (like most statists) in castigating those who store goods as "hoarders" and "evil speculators", for without such activity, just to give one example, farmers would have no market to sell their goods during the harvest, and we would all starve during the winter as well.
you can cast all the insults you wish but I'm bullet proof. you can make up all the conspiracy theories you like but none of them are true. i know history and i know economics.
I know that there is a vast difference between the storing of grains and the accumulation of speculative gold for example
i know that grains are essential for life and gold is not
i know that the limited industrial uses of gold are more than satisfied by available supply
i know that gold is a speculative 'asset' class primarily driven by you and your kind for your personal enrichment
i know that your greed causes great harm to millions of humans, untold numbers of wildlife, great tracts of forest, large watersheds etc
and i know that it does not have to be this way. there is no need for what you do and the damage you cause
that makes you grossly immoral by every definition of the word
His guardian angel told God "Fuck this shit".
Baby seals club themselves in his presence.
Mother Theresa once kicked him in the nuts.
He is ... the most infuriating man in the world.
"Stay stupid my friends."
I have a pantry full of food. I have 2 years of food put away. That is not hoarding in the same sense as you are doing. I will consume the food, it will not go to waste, it does not leave a legacy of slavery behind it. Having a cashe of things you use is different from stockpiling things you do not use and only have some bizarre notion that they will have value down the road. Gold cannot be eaten, it only has your perceived value which can vanish in a heartbeat or the stroke of a pen by wicked lawmakers. you are cruel and indifferent, delusional and willfully dysfunctional
There is is! No trolls can resist that phrase!
Hasn't happened once in all of the 6000 years of recorded human history --- but a troll can hope.
Speaking to yourself again? I hear the mentally ill are prone to doing that.
Now, piss off, I have some child slaves to whip.
"Close up the Honky Tonks" - Dwight Yoakam
http://www.youtube.com/watch?v=VTDFO9vB_EI
R.I.P. - Buck Ownes and today George Jones.
While I understand your position (and share your distaste for the environmental costs of mining, in that none of the externalities are actually costed into the materials, which is where you should really be attacking the issue), you really need to learn some more. Here's a nice fluffy, digestable take on externalities:
None of the world’s top industries would be profitable if they paid for the natural capital they use
Actual report [Warning: PDF]
Regarding storage of goods, and "no wastage", you're sorely ignorant. For instance, you should learn about EU butter mountains (CAP) or the % of food wasted by improper storage methods, or where countries such as India or entire regions in Africa are losing huge amounts of harvested food due to infrastructure issues (e.g. Washington Post - 50% of the world's food is wasted). Markets are supposed to decrease inefficiencies (e.g. on-day-delivery transport networks that serve Supermarkets) and reward those who waste the least (i.e. they make more money). Now, you can argue that they're not the best method, but you'll be needing a solid foundation in knowing how it all works.
These are complex issues, and your "broadsword of justice" is just showing your training wheels. Things to note: many ZH readers are older than your grandfather, and rather jaded and cynical, so you'll wanting to bring some facts to the table. Oldtimers get to use shorthand (i.e. we assume they know their stuff); you're going to have to earn that.
p.s.
Multinational Corporations don't usually gamble on currency markets, just as a head's up. That's why we have BANKS.
why would anyone pay any attention to GS is beyond me
Could be like an abusive relationship.
Could be like an abusive relationship.
About sums everything up concerning the world these days when you get right down to it.
I am a muppet, i do not understand TYM3 initial targets. And i don't give a fuck. I've read hundreds of zh articles, and some other websites. I buy phizz, i have learned to read english, i know we are fucked and i enjoy the paper burnings. Cheers bitchez.
An important lesson for me: the American culture does approve honesty, hard work, and stands up for failure in business, just because you tried. It's not a problem to fail 3 times, as long as you stand up 4 times. The American culture is in trouble, but it is so strong that it will succeed. Sadly and only after a 'once in a hundred years' struggle for life. As we speak, i've already put my finger in the dike for you, Americano's. ;-)
HOW is it possible that there are so many Muppets who just keep lining up to get scalped, I mean, WHERE are these billionaires who just fork over their money to be lost every time? Do they hang around in golf club steam rooms all day or what? WHO are they?
Find a broker who will talk honestly and openly to you and you'll find that there are a lot of self-destructive "gamblers" out there with no casino to go dump their money off with...lol..OK, I just did so...forget the broker, he's busy right now hustling someone else...
Muppets floating down the Hudson River....by the thousands...China may have their rivers full of dead pigs, birds, etc.....but we have the Muppets....
As long as they are producing "content" that allows the sales desk to continue "smiling and dialing" everything is all good, regardless of the horrible advise. F U Goldman
Many years ago I stumbled into being a commodity broker...and I can honestly say that the majority of my clients were in it for the action primarily...and many were self-destructive...first hand story...
Of course "the majority were in it for the action primarily" and "many were self-destructive." Most people are totally clueless, as is proved continuously.
Of course some fraction of traders are successful. Jesse Livermore had a number of wildly successful runs that always ended with him going broke; after the last one he shot himself (the ultimate self-destruction). see Reminiscences of a Stock Operator.
What did you notice about the successful traders? There must have been at least a few 'cause you called them clients.
And... they're back... http://stream1.gifsoup.com/view/120695/muppets-o.gif even this guy... http://stream1.gifsoup.com/view6/2745106/kermit-yay-flail-o.gif will this ever end?
when u cheat and take everyone elses money, the game stops.
Go USA go!
God's work, you stupid fucking muppet.
Major,major,major-----you are spot on...but I like this term..."lovers-in-oppression" better...