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Goldman Sounds The Siren: "Nothing But Risk Off: We Have Seen Zero Attempts To Buy The Dip"
Just out from the sales and trading office at the central-banker incubator at 200 West:
Bottom line: our early flow has been entirely one way: risk-off. Starting to get more much quiet now but have seen zero attempts to buy the dip or fade this move. Quick observations:
- Flow has been nothing but risk off to start - buyer of S&P downside, VIX upside, large selling in financials (mostly long sales) and better for sale in futures. All the options flow is very short-dated.
- If anything, the Street's gamma positioning should exacerbate the risk-off. We think dealers are short S&P strikes below 2050 and short VIX strikes above 20.
- SPX broke the 200-day DMA...currently 7 handles below it.
* * *
So... buy now?
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LMFAO!!
They obviously have intentionally excluded the physical metals markets. So ya, LMFAO.
... and the other 7 Goldman tentacles are probably quietly wrapping around and sucking in everything that's not nailed to the floor.
https://www.youtube.com/watch?v=07P0mXOjKBk
What they mean is the PPT has yet to buy ENOUGH to mask the risk-off trade.
What they mean is that they are net short so now it is OK to come out with a public declaration to sell everything.
Goldman and the other too big to not all be behind bars banksters never issue public sell everything messages unless they stand to make money from the decline. Those who sold too early will likely be happy they did soon enough.
What they did was bottom tic the drop. The dip was sure bought when the 50 week line was crossed. Straight up since then. No worries, the the bottom will fall out again.
Since when the Squid is honest lol
The sheep are getting restless, better drag Bullard out of the basement to explain how shiny it actually is......
we might have been a little too aggressive and perhaps killed off all the muppets, he added regretfully.
But muppet stew is so delicious!!!
Read in reverse: Squid is buying.
BS. GS is suiting up right now for a varsity knife-catch game just a little lower.
That is definitely time to BTFD. Every dip, every time.
I think you might be right, but I'm not doing it--too much big ugliness in motion right now.
Wind out of sails. Beware the "becalmed". Looks placid but it isn't Especially in Aegean and Adriatic Seas! Seize!!
So, it's time to buy the dip again? Thanks for the head's up GS.
massive dip buying in progress
Zero attempts? I've seen two just today.
Now it's 3 attempts...so far
DO NOT GO SHORT HERE!
In other words..... it's time to mortgage the house, go all in and lever up on margin.
Fuckin a and inverse 3x etf's.
Lever the fuck up brother, this is like free money!
Except you are going to pay it all back with taxes. So it's only free for those who levered up the hardest - guess who it is?! (tip: not you)
No problem the markets will break in 3 2 1.
http://www.marketwatch.com/story/imf-warns-fed-on-risks-of-hiking-too-so...
Yes, because six years of zero interest rates is not enough. There is Yellen's out. "The IMF told me not to rasise rates."
You're right - they won't raise rates. Here's the problem - zero is not low enough to hold asset prices up. The derivative unwind will be of Biblical proportions.
What unwind? You mean WW3?
You can be sure those fuckers over at G.S. have some shorts on.
CALPERS buying hand over fist.
You betcha. J. P. Morgan shorted his own bank.
This "market" sell off is too controlled. Shorts piling on are going to get their asses handed to them.
"I want my
I want my
I want my 4th QEeeeeeeeeeeeee"
Damn, I finally bought a dip.
Fool me once, shame on you. Fool me twice, shame on me.
I've been fooled about 27 times now. Shame's got nothing to do with it any more.
Only 27? Well, what do you know? You can teach an old dog new tricks.
That's just this year's tally so far.
Why are you still participating in this farce? You are not making it any better.
Worse than catching a knife...
https://m.youtube.com/watch?v=ZZv1C68iTfM
...have seen zero attempts to buy the dip or fade this move.
That's because there is no market and everyone knows it. Not just a buyer's strike, everyone is on strike.
Kev' is on pornhub for a few hours since that NYU dominatrix intern went to the Hamptons. All will be well soon.
PPT time.
Paging Janet Yellen, paging Janet Yellen. Please pick up the white courtesy phone.
I'm waiting for that 30+% correction that'll hit after the true Apple Watch sales numbers crash what's left of equities that haven't crashed after that greco-demolition-derby finishes wasting europe.
so goldman suchs is trying to talk its book. i guess we will have to wait until they make their blood money.
I bought the dip! YAY! (in your best kermit the frog voice) EXK (Endeavour Silver) is on sale today. Load up on miners folks.
Miners are going bust because of the PM manipulation, I'd be careful with this.
They will force them down and buy up all the miners to have even more control. After that they might let prices explode because they are now in control of production anyway.
The Janet works with about a 48 hour reaction time, has to put on her armored gloves to catch the knife.
goldman suchs may know a greek deal is done.
Step one - sound the siren
Step two - herd the sheep through the door
Step three - shut and lock the door
Step four - slaughter the sheep
Step five - repeat
Could one of you MOTU explain what this means ?
TIA
SS
"We think dealers are short S&P strikes below 2050 and short VIX strikes above 20. "
Dealers are betting the S&P drops below 2050 and the VIX (=volatility, or fear) rises above 20.
IOW, they are bearish.
Do not try and make sense of their vile mouth. 90% of the time, if I had to put a percentage on what I will say, you do the exact opposite of what Goldman Nut sacks tells the public.
Y'know, I think maybe The Janet has gotten caught with her knickers down, she's been fading the US markets for months, trying to prepare for a rate boost, and she had to have this Greek Burn on her radar, but the US markets came into this month already on a decline, greatest since the December debacle when the bond market made a run on Janet and the Fed and won.
Presuming the Fed now (soon) intervenes in US markets anyway, causing US markets to soak up a trillion in capital now fleeing China and Europe, who exactly wins? Bond bulls? OMG.
Did the Fed engineer this to punish China? Not that anyone had to, China engineered themselves mostly into it, maybe completely. But the fact that the PMs are *not* panicking suggests that favorite ZH meme, a Conspiracy, no big players are really panicked at all.
Big players never are panicked. Usually when big players make mistakes, they are given a huge amount of cash to walk away into the sunset.
Straight up since this came out. I'm shocked
Gartzero strikes again!
Because BTFD would give zero credibility!