And If There Was Any Doubt...

Tyler Durden's picture

... Why Goldman lowered their S&P price target 12 hours ago, which as we said last night "leads us to believe that today's firing of David Bianco was merely due to him refusing to play along with the revised script. Which is as follows: the banks are buying everything that their clients have to sell in advance of, you guessed it, QE3 in the US and more QE in the UK, Europe and Japan for one last record bonus hurrah. While we can only hope we are wrong, if we are right this means the short squeeze on the market is about to slam shut and Goldman will make out like a bandit as usual, with the S&P soaring several hundred points on ever worse macroeconomic and geopolitcal data" now you know.

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machineh's picture

As I said last night, 'If Goldman is selling, I'm buying (just as they are doing on the sly).'

'Think like a criminal.'

Irish66's picture

Now I know how badly they need to hide how bad things really are

anynonmous's picture

another clue was Stark

but gold is getting killed just like post Leh

HelluvaEngineer's picture

lol @ Shadowtrader live feed.  Recommending jumping into NFLX.  God I hate this market.

pamriallc's picture

markets climb a wall of worry, markets discount bad news. when markets rise on bad news, that's because markets are seeing past the bad news.  never different, never different, never different..... 17 times.

ww2vet's picture

100% correct! these zh losers keep wishing and hoping - they look at everything but the one thing that matters -- the market. nest $500 in gold DOWN

Fish Gone Bad's picture

that's because markets are seeing past the bad news.

Except for the fact that these aren't markets in any normal sense. 

ReactionToClosedMinds's picture

sir, unless you are a 'propagandist' troll, with no disrespect .... if you want to 'follow' Jim Jones to Guyana and then drink his kool-aid as a believer ... bemy guest.

Have long concluded that what Goldie says versus does is always the 'key'.  And with no disrespect to ZH, I think even ZH is a little slow disbelieving the blatant in your f**king face conflcit of interest dynamic.    But this is signalling the 'end may be near now' ....

And to be fair to Goldie, just like all the 'elites' you, sir, may want to 'trust in' for 'leadership' that is supposedly 'disinterested', when you start thinking you are a 'master of the universe' and are 'smarter' than the 'rest', then you feel entitled to do what you must ... because you are so 'talented' & quick .......

...just like medieval nobility .... because 'we are in this position' as your overlords, "God' must have chosen this & us to do this and so it is right & proper


Dr. Engali's picture

Hey how has the market performed versus gold over the last 10 years?

Withdrawn Sanction's picture

100% correct! these zh losers keep wishing and hoping

Presumably, you are including yourself in the collection of "these ZH losers."  You are, after all, here....and you keep coming back.  Why do you suppose that is?

firstdivision's picture

Discount bad news, but never discount good news.  Interesting lop-sided argument there.  You fail to grasp this idiocy that you are stating here.  Your core assumption is that we should allow class warfare to continue and that all will be well.  Wait til gas stays above $4/gal and watch the populace begin to revolt (starting with reduced consumption).  It has been charted many times over, the only way the markets have risen in the past decade was by destroying the dollar.  There by making daily lives more expensive for the average person, the end result is the destruction of their equity.  In the words of one aristocrat, "let them eat cake". 

Oh regional Indian's picture

Den of thieves. Bag full of tricks. Pull a new one.

Bottom scraping now. Freaking horrowshow. My condolonces to traders everywhere. Dice is loaded!!! Casino is in Gangsta hands. 

What you gonna do? Come fo you? Fuggetabout it, they hardly care.

Now watch what happens to gold.


Golden Handcuffs?

pamriallc's picture

errrr.... oh yes and on the goldman comment.... what is ALSO true, and in fact historically and continuously true is that analyst estimates are "OFF" by an average of 35% over time, which means that they are just as suceptible to emotional error as the next guy.  that's not being predatory, that's being human.

jdelano's picture

evidently the tylers went long yesterday...

runlevel's picture

someone grab some rope... 

kito's picture

there is nooooo way qe is coming this month. noooo way. what would be the point?

keep stocks up? already done.

boost inflation? already done.

drive up demand for our treasuries? already done.

infuriate the republicans to create campaign fodder? already done.

no chance of qe happening this month. NO CHANCE

rich_wicks's picture

no chance of qe happening this month. NO CHANCE

The government doesn't determine if there is quantitative easing, the Fed does.

You also have to remember, it's the Fed that has loaned 14.6 trillion dollars to the Federal government.  When the Fed tells congress to jump, they ask how high.

Banks run this country, it's just an illusion that they don't.  They could make the dollar worthless tomorrow if they felt like it.

High Plains Drifter's picture

the fade, the hook and then the haymaker............yep seen it before.............bastards....

Cdad's picture

the banks are buying everything that their clients have to sell 

Exactly.  Larry Fink's desperate comments to the effect of "force them to invest" said so.  Dark pools are now brimming with assets of every the inevitable default of Greece approaches. 

And so today, the announcement of Euro liquidity [which does nothing to address insolvency], forced some more shorts to buy.

Desperation.  Absolutely clear and rising desperation in the TBTF community.  Half life...looks like it has already expired...unless they REALLY bring out the long knives on gold.

rich_wicks's picture

Of course the stockmarkets are going to go up.  Debt can never be paid off, it can only be monetized, which means inflation.

Robslob's picture

Would love to see the baby boomers sell the shit out of this rally

TradingJoe's picture

Ben is "helping" US Banks via ECB! The swaps will come home! More Bonus This Year! No QE Though! Not needed anymore! I think the American general public deserves to be obliterated and become an economic slave, they are watching the WRONG SHOWS!

props2009's picture

Yes you hit the nail on the head

Yogibear101's picture

...pull my finger

Cone of Uncertainty's picture

The window of rape is closing quickly.

Remember a few months ago all the internet startups that came public, allowing the founders and VC and the IBanks to cash in, well, that game is over as FB didn't quite make it in time and has since shelved their IPO.

These are ominous signs as it means that the last ditch effort to grab the golden ring is going to mean market action that will run counter to the prevailing economic conditions.

This is going to be one big cluster fuck game of musical chairs.

This time, when the music stops, there will be no one left standing to turn it back on, not Bernanke, not the ECB, not China, not Buffet, Timmy G, or anyone else for that matter.

If you haven't exited all your fiat positions by now, you better check yourself before you wreck yourself.