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Time for my european vacation
Sales not going so good for CNBC stock market Gorilla Trade sales staff lately.
Watching CNBC on mute looks like a Gorilla Trade commercial.
Up almost all night, Tyler? A late night release. Yeah, Midwest and West Coasties will get this changing Goldman call too late tomorrow.
Oh shit? Does that mean that morgan stanley might get saved on account of their dollar liabilities devaluing relative to their EUR assets? Cause that would be exceptionally lame :|.
EDIT: Nevermind, I'm reading this backwards. They past tense made a long EURUSD recommendation and now took an awesome loss for it. Too bad I'm not short goldman.
How can this only be a 4.2% loss? We are to believe that they use no leverage on FX trades?
What the fuck is a "theoretical loss"?
4.2% loss in subscription fees of clueless cocksuckers.
They didn't actually hold a long trade, thus theoretical loss. LOL
a theoretical loss might also be one the customers suffer as opposed to the firm: cf. http://www.amazon.com/Where-Customers-Yachts-Street-Marketplace/product-...
Indeed, the memo states quite clearly that, "our long EUR/$ recommendation has finally been stopped out for a theoretical loss of 4.2% including carry."
Well, I guess, enjoy the carry bucks, you dumb fucks.
it's what i report to the irs
what pleasant bed time reading
If people with 401k's haven't learned what happens to their retirement portfolio, ala Dot-Com bubble bust and housing bubble led stock market bust of 2008, then they deserve to lose everything.
The great depression caused the stock market to lose 90% back then. I fully expect that to happen again this time.
The irony here is that reflation and bailout of failed institutions and markets ensures that the market will be over valued for much longer than it was after 1929 when a reset was allowed to happen followed by 5 years of booming GDP growth
what the fuck is with the Effin vodka add, it is covering up the posted article and I can't get it to minimize.....Oh and hope Goldman Sachs CEO finds a nice warm spot in hell....
Same happened to me and I was screaming "Minimize! Get out of the way I don't want no Effen Vodka!"
then i realized I could refresh the page, calmed down, and realized a shot or two might do me good.....
You should use firefox with the adblock addon. no more ads, and you will wonder why you waited so long.
It couldn't happen to a nicer bunch of corrupt connected insiders.
terrible timing...i'll take the other side...eur rallies
Couldn't be the model funds buying eur/aud ? The trade is shifting as we speak yards & yards!
OOPs Goldies is caught short again!
Tyler, what's the scoop on the late night flash crash in /HG in progress?
Predictable; now, 1.3399 intraday - FULL STEAM AHEAD AHEAD. :)
Goldman needs to first get information from Bernanke and Geithner, than we can expect a call on the EUR/USD. I thought the idea that they would make a call on their own was a cute joke! Thanks for the humor.
I can't wait to blow Goldies into the porto potty! Goldman Sachs can fail, and the moat is filled with quick sand!
That bank can fail! I started my first very young. It's about the young Man /Woman taking risk.
(Your loyalty lies with in your self)
That's God's job
"However, the recent sharp increase in risk aversion, much of this originating in Europe, and upward pressure on the USD across a wide range of currencies lately, has pushed the cross below our 1.35 closing stop."
A FX trader couldn't see the macro of this? Who are the dumb motherfuckers, who listened to these calls? You fuck faces ruined my charts: now all I have are countless dojis hanging around the intraday highs, you piece of shit clueless morons.
I'm looking forward to those stops you have just below 1.34, bitch.
Damnit, guess I'll have close out my EUO in the morning.
The markets are starting to retrace. A one way train takes a while to slow down<
Goldie's call: misplaced faith in endless, self-serving Fed money printing
"ruined my charts: now all I have are countless dojis hanging around the intraday highs"
Holy moly, and I though it was just me.
The Night Owl says "Hoo" to my fellow insomniacs.
Doji's are good range trade candles. I'll ask for your advice on that range trade. Look @ the daily candles. Need I say more?
Goldies captulated last week on the euro call. They held 1/2 the trade. I'll send the article over.
Citi caved in as well! I'm building a massive aud/chf position as payback!
I'll find the other articles.
Seriously, how do these fucks stay employed? A fucking chimp would at least get something right every once in a while. And at year end he will get a big fat bonus.
Constant rotation of suckers. Notice how this news piece was released at 2 AM at night in the US.
I'm on a G500 2/3 the way to Singapore ya knucklehead!
4.2% loss! They got played...nice.
Now the billion dollar plus longs on the AUD will get pulled.
Retail traders are over the top with longs on AUD, I still think EUR has room to fall below 1.34, very sharply.
Feeling the love ( Star Bright?) You are a joke! eur has already hit 1.34. The correlation is shifting star boy, run -run for your commission!
Greece is still fixed? LOL
what you got is a liquidation trade, so monies are going into USD's on everything. Which causes funding squeeze in countries that have relied on inflows. It ends. What we should watch for is China refixing the peg. They do that, get ready for a massive trade war IMO.
Exact opposite. The trade will be rebuilt to the last retrace 1.07 level. As long as RBA is paying 4.755 ON YOUR MONEY IT'S A CARRY TRADE. The longs got taken out, and now it's easy to add long again!
It's all about who's the best looking horse at the glue factory. Today, the USD. Next wee, November, 2012, who knows?
I'm short the usd. With a 1/3 hedge. I'll probably take that off for the weekend.
1.348 inviolable i think...it may be the booze
I'm printing a real time 1.3510. Perhaps you should check your charts?
i see that...point was bottom at 1.3480ish...else i'm losing some money
Bottom was 9-22 1.33843 on the 12 GMT hourly candle.
well then, why not oct 23 2000 at .8403? these are trades after all
No it's time to hunt for the stops of Morgan's shorts with their target of 1.30
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