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Goldman Harakiris Muppets On Long Nikkei Reco Stop Loss
This evening's price action seems to be reflecting major unwinds occurring. Gappy strength in EUR suggests more repatriation (following the sell US stocks and bonds action we saw in the day-session) and even as JGBs rally modestly, Japanese stocks are getting monkey-hammered. Goldman's always-aware-of-the-risks client base just got 'muppeted' as the Long Sept Nikkei trade was stopped out at 12,700. JPY is bid on the carry unwind and is trading at the day-session lows around 95.00. This is TOPIX's biggest down day in over a week as Tech, Telecoms, and Consumer Goods are all down over 3%.
As a reminder, we made a very explicit warning just this past Sunday:
Whenever Juncker is lying, or Goldman openly commands the muppets to buy, you know the situation is serious, and Goldman has a lot of unwinding to do. Which is precisely what just happened following the Squid's reco to buy Nikkei September futures (NKU3) ahead of the BOJ meeting. What is Goldman's thesis in a nutshell: hope may be fading in Abenomics, but the "incentives for Governor Kuroda to use the [upcoming BOJ] meeting to signal a firmer and clearer commitment to the easing course, and to highlight the potential to do more, are high and rising." In other words, please bet the farm on more of the same jawboning that lead to a 20% loss for anyone who bought as recently as 2 weeks ago. Oh, and by the way, complete the sentence, whenever a client is buying from a Goldman flow trader, the Goldman flow trader is [____].
Now the only reason we are not all in short on the Nikkei following this plea to buy whatever NKU3 Goldman's flow is selling, is that Tom Stolper did not endorse the recommendation.
As for the final outcome...
Sure enough:
and JPY...
So much for the great and powerful Bank of Japan Qualitative and Quantitative Easing: the USDJPY is now back to April 4, or MEGA-QE announcement, levels:
and in case you didn't think that everything hinges on the Japanese markets... (h/t @RonnieSpence)
Charts: Bloomberg
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Ritual Seppuku is a bitch.
-5.17%. Love the downward volatillity.
This post needs a chart of King Euro over the last two weeks.
I'm surprised there are any more muppets left to commit seppuku. Must be an endangered species by now.
Just your churches' investment fund managers...or your town's....or your volunteer fire department's....or maybe yours.....
You get the idea.
yup, i love it. nikkei getting pummled, and dollar weakning vs the yen.
why is it that japan has real sell offs, and here in the u.s we cant get any real sustained sell offs?
the nikkei is down nearly 600. we cant even get a -150 day
Patience, patience, 'cause should US markets act like Japan all wheels would have fallen off as well as all bets!,
silver just had a vertical 20 cent move.
Nice! Should things languish, flutter or collapse through the night without a bounce, it may be up to Claims, Retaii Sales and Import/Export numbers at 8:30am EST to claim victory for Bears and bring out TD's "Deer in Headlight" rock star!
Kurodanomics has earned the colloquial term "wax on, wax off."
The Vampire Squid, while holding a still warm and smoking semiautomatic pistol in its blood funnel, swears that Kermit shot himself squarely in the back of his own head.
you are getting robbed. that deserves a lot more up arrows.
multiple times
the second shot was an accident I swear
hard to say if a beat on initial claims would mean boost for ES or down.
True. Perhaps the problem is now bigger than any "one" number at this point. The route in Japan is getting frekin' REAL!
It is a slow bleed. The body ends up dead just the same.
Fucking slant eyed amateus
Give ben a call. He kep5 it up 4 years...Japs....6 months. Fucking Losers....
The term QE actually came out of Japan about a decade ago. The asians have been playing the paper game for millenia. We are the amateurs, not saying its not gonna all end the same way but its nice to know some history to see where we are going if the past is any indication.
We'll see if this leads to a 50DMA break tomorrow in ES. Some "miracle" will likley occur before that chance.
whenever it starts down huge I go to bed and wake up and it ended flat. Whenever It starts out up I go to bed and wake up and it ended down huge.
Are you talking about the market or your man bits?
you know I gotta be honest I did not see a boner joke in there. I am completely caught off guard. That's why you are who you are. Tremendous.
Never hurts to ask.
Hey fonz, when do these Japanese guys BTFD anyway?
Don't they know what we know?
Well, look at it like this fonz: At least you don't have to worry about rolling out of bed !!!
http://www.freep.com/article/20130612/NEWS07/306120071/Delaware-patient-...
LULZ...
I figure the odds be 50/50...
http://www.youtube.com/watch?v=UkCAB8-3YpQ
Best laugh I had all day.
Well, don't go to bed. That's the obvious solution.
I knew those EWJ puts would work out! Now only if TSLA would go to 65 by July end...
"Mission accomplished" again!!!
Bernanke, you're doin' a heckuva job!
Almost a 94 handle. Their printers suck.
sweet
GS will bail early...right? wink wink
Why would ANYONE listen to anything Goldman says anymore? It makes no sense. Every recommendation turns into a steaming pile of dog crap.
That Sep. muppet trade lasted a day or two? "Get off the road!"
Definitely worth listening to what they say, heeding their advice though, that's another matter...
This had to be a 1% er plan by the japs to blowout of stocks at pump and dump highs....must be. A sign of desperation but well played
and they hate gold
http://business.financialpost.com/2013/05/20/gold-bear-bets-reach-record...
Stops triggered!! Time to reverse the trade at XX prop desk.
Hey Kuroda, you gotta have big hairy balls like the bernank. You got tiny hairless japanese scrote. You can talk the talk but you can't fake those big hairy joo banker ballz when you walk. http://www.youtube.com/watch?v=K-elQkvSS_s
As always, do the opposite of what they advise you to do.
I’m always saying that Goldman can kiss my ass. At this point, even if they agreed to do it I wouldn’t trust them to do it right.
Something's weird with gold/silver.
https://www.quantsig.net/live.html#?&charts=m24h,hrs
Something is always "weird" with gold and silver (mine is still shiny though).
Australia stocks tumbling also:
Australia shares fall 0.5 pct to fresh 5-mth low, local jobs data eyedInvestors were also awaiting Australia's May labour force report due at 0130 GMT. Analysts polled by Reuters expect the economy to have shed 10,000 jobs and the unemployment rate to edge up to 5.6 percent from 5.5 percent.
http://www.reuters.com/article/2013/06/13/markets-australia-stocks-idUSL...
Muppet down
Muppecide.
zyklon M
this way to the showers, please no pushing
Doesn't harikiri imply self-inflicted?
Oh, wait...
PRINT MOAR!!!!! BUY MOAR!!!!!
That's all they can do...
aside from goldmans fucking terrible call once again, it was only a few weeks ago when david tepper was on cnbc and was saying with a huge smile on his face how he was long japan.
how is that working tepper u fucking asshole?
No doubt. Losses are accelerating.
-702.43 (5.29%)
Tomorrow we'll see green. They are already tweaking the jobless claims number for tomorrow.
And they'll release the doctored numbers to the select few about 45 milliseconds early ...
Goyim sachs, dick'n da muppets!
What a great slogan for a letterhead
Dick'n da muppets!
Not to be confused with getting a Bove job.
The Euro's got a stiffy.
will nikkei finish above 12,000 tonight?
all of asia is getting slaughtered, like real sell offs, not the 1 percent shit that is considered a catastrophe in the u.s the rare time it happens.
if there is ever a time that we should all wake up tomorrow with dow futures down 300 plus, s&p futures down 40 plus, tomm is it.
this is ugly. abeanomics is dying, the yen is strengthining. this is fun to watch.
No way. Otaku will prop up the market so that Machikado Keiki Japan doesn't have to wear mid-length skirts.
anyone have a good site for free that i can watch live quotes and charts of the nikkei 225?
http://www.sgxniftydowfutureslive.com/index_files/WORLDINDEX.htm
I watch this
thanks very much man.
i type in lots of stuff on google, but pretty much all of it is delayed. this is good, thanks again.
Hi we're Goldman Sachs please take our advice so we can front run you on all the trades? That's right you stupid sheep bah bah bah right into the wolves mouth.
Things don't look good and for some reason it feels like the crash is now. I'm keeping a close eye on Soybean Oil prices. If Soybean Oil prices break down then I'm convinced we are in the stages of a deflation crisis.
There's going to be a lot of good land for sale cheap, if Soy prices tank, or Corn prices, or if interest rates rise.
Ask any big time farmer how big their revolving line of credit is, and you will see that we are one bad year away from disaster. This next depression won't be like the last one. Most farmers don't own anything outright, except their home acreage.
-5.08%
My God call Godzilla, call Mothra, call Abe's fucking plumber.
His shit is backing up all over Japan.
Hide the knives before he starts to cutting.
down 770 or 5.8% so you know it will end up for the day
I find your snarky, cynical attitude .... charming !
From Reuters: "Market players said the Nikkei was likely to trade between 12,800 and 13,100 on Thursday."
Currently -873 and sitting at 12,456.
Missed it by that much.
What's the opening down limit on the nikkei?
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Did the 1929 crash begin like this .... a Jap "Howard Hughes" Mitsubishi Zero .... slowly rotates over on it's back .... then begins the screaming Kamekazi dive .... right down .... the Fukushima smoke stack ? Monedas 1929 Comedy Jihad I Have What It Takes To Enjoy Human Suffering World Tour