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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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Thu, 06/13/2013 - 15:23 | 3655092 mikla
mikla's picture

Oops.

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.

Thu, 06/13/2013 - 15:55 | 3655297 NotApplicable
NotApplicable's picture

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

Authorities will be contacting him shortly.

Thu, 06/13/2013 - 15:22 | 3655094 slaughterer
slaughterer's picture

I would not buy the Nikkei exactly right now.  

Thu, 06/13/2013 - 15:36 | 3655188 THX 1178
THX 1178's picture

I would not buy the Nikkei exactly ever.

Thu, 06/13/2013 - 15:41 | 3655218 Dr. Engali
Dr. Engali's picture

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

Thu, 06/13/2013 - 15:46 | 3655247 fonzannoon
fonzannoon's picture

2.15% Doc.

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

Thu, 06/13/2013 - 15:51 | 3655278 Dr. Engali
Dr. Engali's picture

Crazy isn't it?

Thu, 06/13/2013 - 15:53 | 3655285 fonzannoon
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.

Thu, 06/13/2013 - 16:03 | 3655342 negative rates
negative rates's picture

Yea but in the mean time their starvin in the mid-east.

Thu, 06/13/2013 - 16:13 | 3655401 cosmyccowboy
cosmyccowboy's picture

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

Thu, 06/13/2013 - 16:46 | 3655577 Impoverished Ps...
Impoverished Psychologist's picture

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

Thu, 06/13/2013 - 15:25 | 3655112 TheSilverJournal
TheSilverJournal's picture

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

Thu, 06/13/2013 - 15:26 | 3655113 rubearish10
rubearish10's picture

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

Thu, 06/13/2013 - 15:28 | 3655130 FieldingMellish
FieldingMellish's picture

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

Thu, 06/13/2013 - 15:42 | 3655224 disabledvet
disabledvet's picture

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

Thu, 06/13/2013 - 15:53 | 3655287 NotApplicable
NotApplicable's picture

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

Thu, 06/13/2013 - 16:03 | 3655343 FieldingMellish
FieldingMellish's picture

Goldman's.

Thu, 06/13/2013 - 15:29 | 3655135 ptoemmes
ptoemmes's picture

Schlitz for all in the Hamptons this weekend!

 

Actually - Schlitz may be too good for them.

Thu, 06/13/2013 - 17:11 | 3655703 Colonel Klink
Colonel Klink's picture

Schlitzkon-B

Thu, 06/13/2013 - 15:31 | 3655153 philosophers bone
philosophers bone's picture

Clowns.  Put a tent over this circus.

Thu, 06/13/2013 - 15:32 | 3655156 Racer
Racer's picture

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

Thu, 06/13/2013 - 15:32 | 3655158 fonzannoon
fonzannoon's picture

Is the bond market open today?

Thu, 06/13/2013 - 15:35 | 3655176 Dr. Engali
Dr. Engali's picture

We are off the lows.

Thu, 06/13/2013 - 15:32 | 3655159 Dr. Engali
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.

Thu, 06/13/2013 - 15:34 | 3655169 The Shootist
The Shootist's picture

I prefer Kermit.

Thu, 06/13/2013 - 16:06 | 3655365 negative rates
negative rates's picture

And it's not even the first time he got run over either, he's looks pretty good after that timex lickin.

Thu, 06/13/2013 - 15:35 | 3655172 kralizec
kralizec's picture

Oh hell yeah!

Thu, 06/13/2013 - 15:46 | 3655245 TheEdelman
TheEdelman's picture

Deer in headlights > snorg camel toe > kermit

Thu, 06/13/2013 - 15:49 | 3655261 rubearish10
rubearish10's picture

Hindenberg Omen ClusterFUCK!

Thu, 06/13/2013 - 15:50 | 3655270 fonzannoon
fonzannoon's picture

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

Thu, 06/13/2013 - 15:53 | 3655286 Dr. Engali
Dr. Engali's picture

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

Thu, 06/13/2013 - 15:55 | 3655301 fonzannoon
fonzannoon's picture

probably both

Thu, 06/13/2013 - 15:56 | 3655304 rubearish10
rubearish10's picture

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

Thu, 06/13/2013 - 16:35 | 3655528 Clowns on Acid
Clowns on Acid's picture

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

Thu, 06/13/2013 - 15:50 | 3655273 The worst trader
The worst trader's picture

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

Thu, 06/13/2013 - 15:55 | 3655299 Dead Canary
Dead Canary's picture

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

( Gosh, whadda suprise! )

Thu, 06/13/2013 - 15:57 | 3655310 Tombstone
Tombstone's picture

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

Thu, 06/13/2013 - 16:27 | 3655493 Clowns on Acid
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.

Thu, 06/13/2013 - 16:12 | 3655398 Yen Cross
Yen Cross's picture

  +1 for the Muppets.

Thu, 06/13/2013 - 16:14 | 3655409 Schmuck Raker
Schmuck Raker's picture

Is that a stone in Kermie's mouth?

That dirty cotton rock sucker.

Thu, 06/13/2013 - 16:25 | 3655479 A82EBA
A82EBA's picture

or pistaccios?

Thu, 06/13/2013 - 16:20 | 3655448 syntaxterror
syntaxterror's picture

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

Thu, 06/13/2013 - 17:09 | 3655691 Colonel Klink
Colonel Klink's picture

Dick'n da muppets!  They just pulled out.

Thu, 06/13/2013 - 20:06 | 3656495 Youri Carma
Youri Carma's picture

Like that Muppet picture, it's realy dramatic.

Thu, 06/13/2013 - 20:33 | 3656583 Nick the Greek
Nick the Greek's picture

Poor Kermie...

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