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Goldman Admits Defeat Following 6.16% Loss In Three Days, Closes Long Nikkei Reco
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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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.
In other news, Tyler gets self-banned for violating the new "No racists" rule.
Authorities will be contacting him shortly.
I would not buy the Nikkei exactly right now.
I would not buy the Nikkei exactly ever.
I'll take the Nikkie dead cat bounce for $1000 Alex.
2.15% Doc.
We will get to 1.75% and when we do the dow will be 20k.
Crazy isn't it?
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.
Yea but in the mean time their starvin in the mid-east.
fonz the car bz sucks right now and has since 08!!!
I'm going on storage hunters... it is a dead cert.
Does this mean Japan is going to announce more pumping right quick?
Watch for the 3 handle resurrection of the Muppet TONIGHT! Afterall, JGB's have stabilized, all is calm......
I doubt they have gone long. They may have simply closed their short positions.
who's "they"...and "who's the other they" (other than oy vey)
And does "going long" mean a duration of seconds, or milliseconds? It's important, you know!
Goldman's.
Schlitz for all in the Hamptons this weekend!
Actually - Schlitz may be too good for them.
Schlitzkon-B
Clowns. Put a tent over this circus.
Hmmm, if it traded through the stop, then the stop isn't actually a stop is it!
Is the bond market open today?
We are off the lows.
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.
I prefer Kermit.
And it's not even the first time he got run over either, he's looks pretty good after that timex lickin.
Oh hell yeah!
Deer in headlights > snorg camel toe > kermit
Hindenberg Omen ClusterFUCK!
It looks like the market just was frontrunning a leaked hilsenrath article.
Or....the Bernank wanted to draw in some shorts to squeeze this thing higher.
probably both
Bernank did what they always do (buy the market) but this time it really needed some relief from that 50DMA.
Note to self - Gotta get that Reuters premium feed... you know the one that Cramer never heard of.
No worries, I'm sure they up the 6% today on Bens hellicopter drop.
I putting my money in..................................................................SILVER.
( Gosh, whadda suprise! )
GS didn't lose a dime. Benny cut a check to cover any losses.
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.
+1 for the Muppets.
Is that a stone in Kermie's mouth?
That dirty cotton rock sucker.
or pistaccios?
Nikkei up 5% tonight following the DOW "miracle" today. Shoulda waited muppeteers!
Dick'n da muppets! They just pulled out.
Like that Muppet picture, it's realy dramatic.
Poor Kermie...