Goldman Admits Defeat Following 6.16% Loss In Three Days, Closes Long Nikkei Reco

Tyler Durden's picture

Suplise! We mocked them earlier for not closing out. Four hours later, they have done the honorable thing, and fallen on their sword. So to speak.

Stopped out of our long Nikkei September futures (NKU3) position


With the JPY trading through 93 at one point overnight, Nikkei September futures traded through our stop of 12,700. Although futures are now trading back above our stop, testament to the enormous volatility in the market there, on the basis of the Tokyo close, we were stopped out with a potential loss of 6.16 percent. Japanese markets continue to roll back gains and unwind inflation expectations, moves that we now think are excessive given the firm commitment to ease. But with the June BOJ meeting now past, it is somewhat less clear what will shift sentiment in the near term.

Translation: Goldman is now buying the Nikkei again.

As for the muppets? You know the picture.

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mikla's picture


But yes, they have to be careful to stop doing *exactly* the opposite of what they recommend to their clients.

They'll need to shake-it-up a little to keep people going.

NotApplicable's picture

In other news, Tyler gets self-banned for violating the new "No racists" rule.

Authorities will be contacting him shortly.

slaughterer's picture

I would not buy the Nikkei exactly right now.  

THX 1178's picture

I would not buy the Nikkei exactly ever.

Dr. Engali's picture

I'll take the Nikkie dead cat bounce for $1000 Alex.

fonzannoon's picture

2.15% Doc.

We will get to 1.75% and when we do the dow will be 20k.

fonzannoon's picture

2.13% now with the dow up 200.

all because of some hilsenrath QE article?

What a fuckin disaster. I need to start selling cars or something.

cosmyccowboy's picture

fonz the car bz sucks right now and has since 08!!!

Impoverished Psychologist's picture

I'm going on storage hunters... it is a dead cert.

TheSilverJournal's picture

Does this mean Japan is going to announce more pumping right quick?

rubearish10's picture

Watch for the 3 handle resurrection of the Muppet TONIGHT! Afterall, JGB's have stabilized, all is calm......

FieldingMellish's picture

I doubt they have gone long. They may have simply closed their short positions.

disabledvet's picture

who's "they"...and "who's the other they" (other than oy vey)

NotApplicable's picture

And does "going long" mean a duration of seconds, or milliseconds? It's important, you know!

ptoemmes's picture

Schlitz for all in the Hamptons this weekend!


Actually - Schlitz may be too good for them.

philosophers bone's picture

Clowns.  Put a tent over this circus.

Racer's picture

Hmmm, if it traded through the stop, then the stop isn't actually a stop is it!

fonzannoon's picture

Is the bond market open today?

Dr. Engali's picture

The muppet photo..the deer in the headlight photo..the muppet photo...the deer in th headlight photo. It' so hard to choose which one I like best.  Meh..where's the Snorg girl with the camel toe.

rubearish10's picture

Hindenberg Omen ClusterFUCK!

fonzannoon's picture

It looks like the market just was frontrunning a leaked hilsenrath article.

Dr. Engali's picture

Or....the Bernank wanted to draw in some shorts to squeeze this thing higher.

rubearish10's picture

Bernank did what they always do (buy the market) but this time it really needed some relief from that 50DMA. 

Clowns on Acid's picture

Note to self - Gotta get that Reuters premium feed... you know the one that Cramer never heard of.

The worst trader's picture

No worries, I'm sure they up the 6% today on Bens hellicopter drop.

Dead Canary's picture

I putting my money in..................................................................SILVER.

( Gosh, whadda suprise! )

Tombstone's picture

GS didn't lose a dime.  Benny cut a check to cover any losses.

Clowns on Acid's picture

GS had cut their longs .... long before this muppet directed "position cut losses" call. They have been short for 2 weeks. They are long now.

The "recommendations" are just toi improve liquidity on the other side of their trades.

Yen Cross's picture

  +1 for the Muppets.

Schmuck Raker's picture

Is that a stone in Kermie's mouth?

That dirty cotton rock sucker.

syntaxterror's picture

Nikkei up 5% tonight following the DOW "miracle" today. Shoulda waited muppeteers!

Colonel Klink's picture

Dick'n da muppets!  They just pulled out.

Youri Carma's picture

Like that Muppet picture, it's realy dramatic.