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Goldman Comes To Margin Stanley's "Defense" As It Is Now Actively Selling MS Calls, Buying Short Term CDS

Tyler Durden's picture




 

The bank that was selling Dexia shares to its clients all the way down (Goldman Cuts Dexia From Buy To Neutral On Imminent Restructuring And Winddown) and which has the uncanny ability to align its own trading desk with an event's "outcome", at the expense of clients of course, has just done it again. As of this morning it is actively selling Margin Stanley calls to whoever is still left as a client. From a just released report: "Buy calls for a likely relief rally on earnings; sell short-dated CDS as fear falls." Now... just who are these clients buying calls from and selling CDS to?

Goldman MS Calls

 

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Fri, 10/07/2011 - 08:25 | 1749068 Spirit Of Truth
Spirit Of Truth's picture

They got great attornies to defend "God's work"!

Fri, 10/07/2011 - 09:20 | 1749246 strannick
strannick's picture

Now... just who are these clients buying calls from and selling CDS to?

-Ooo ooo. I know. I know. Goldman Sachs?

Seems the only convienient pool of dumbmoney bigger than the clients of banks like Goldman Sachs that gets suckered into buying toxic trash , is the US taxpayer.

Fri, 10/07/2011 - 10:52 | 1749635 Zero Govt
Zero Govt's picture

well the US taxpayer is over 60% against bailouts ..it's that dumb fuk middleman, their 'public representative', that's buying all this toxic crap up and most of them are on Goldman Sucks payroll... what a coincidence/connection!!

Fri, 10/07/2011 - 08:26 | 1749072 Josh Randall
Josh Randall's picture

Goin' under, RATS ARE IN THE CELLAR...

Or in this case: Goin' Under. RATS ARE THE SELLER.

Fri, 10/07/2011 - 10:55 | 1749645 Zero Govt
Zero Govt's picture

There's a rat in ma kitchen

what am i gonna do?

there's a rat in ma kitchen

what am i gonna do?

i'm gonna beat that rat 

that's what i'm gonna do

i'm gonna beat that rat

(UB40)

Fri, 10/07/2011 - 08:27 | 1749077 ArkansasAngie
ArkansasAngie's picture

My question, too.  Who is buying this horse manure?

Who are these suckers?

Whose money are they using to buy this trash with?

It had better not be mine.

Fri, 10/07/2011 - 09:17 | 1749289 buzzsaw99
buzzsaw99's picture

The way it reads to me is: "We wish more people would buy MS calls"

Fri, 10/07/2011 - 09:24 | 1749318 Overflow-admin
Overflow-admin's picture

"institutional clients" = pension funds, etc.

> Your savings will certainly be in.

Fri, 10/07/2011 - 09:48 | 1749412 Fish Gone Bad
Fish Gone Bad's picture

To make this really poetic, the Goldman needs to sell the crap to the NY Police that are beating up the protesters.

Fri, 10/07/2011 - 08:27 | 1749079 dcb
dcb's picture

no idea how much ms is up from the low, there were of course better ties to do this, like not when we are right up against weekly resistance.

 

then of course who's stupid enough to be a goldman client after what we have learned. I want a huge legal document that gives me an airtight case against them when I discover they are actively trading against my position they endorssed. They would never work with me, and I'd never trust them

Fri, 10/07/2011 - 08:27 | 1749080 Herman Strandsc...
Herman Strandschnecke's picture

o/t. Telegraph.co.uk. Amy Wilson Debt Crisis Live:

Latest

12.40 Given the market rollercoaster we've been on, this tweet from zerohedge is slightly dispiriting (but accurate):

@zerohedge It has been over 2 months since the last policy decision in Europe (July 21). Everything else has been lies, rumors and innuendo

Fri, 10/07/2011 - 08:28 | 1749085 ziggy59
ziggy59's picture

Squidly Goes Jaws

Fri, 10/07/2011 - 08:30 | 1749089 Downtoolong
Downtoolong's picture

I think Goldman's entire business model can be summarized in three words; "Conflict Of Interest". 

Fri, 10/07/2011 - 09:28 | 1749330 sqz
sqz's picture

I couldn't have said it any better. Well, done :)

Fri, 10/07/2011 - 08:35 | 1749101 Its_the_economy...
Its_the_economy_stupid's picture

Plaid-Jacketed WSJ readers loading up.

Fri, 10/07/2011 - 09:02 | 1749216 El Gordo
El Gordo's picture

Just show what you can do when the government is in your corner and you don't have to be restricted by those laws and regulations which only the little people are subjected to.

Fri, 10/07/2011 - 09:02 | 1749220 LongSoupLine
LongSoupLine's picture

Who's buying?  Well, when it all goes bad, ultimately it's us.

Fri, 10/07/2011 - 09:24 | 1749319 mark mchugh
mark mchugh's picture

Wow.  I challenge anyone to find a webpage with more head-up-your-ass advice:

http://www.thestreet.com/story/10999210/1/3-goldman-euro-bank-upgrades.html?cm_ven=RSSFeed

Feb 7, 2011

In the U.S., Goldman's bank analysts recommend Citigroup(C_) and JPMorgan Chase(JPM_) among large-cap bank names and Huntington Bancshares(HBAN_), Banco Popular(BPOP_) and East West Bancorp(EWBC_) when it comes to regional bank stocks.

As for Goldman's European analysts, they already had buy ratings on several stocks, including Swiss bank Jules Baer, Sweden's SHB, Spain's BBVA , France's Societe Generale, and Belgian-based lender Dexia. They also had conviction buys on Erste Bank in Austria, France's BNP Paribas, and U.K.-based HSBC(HBC_) and Lloyds Banking Group(LYG_).

Here's a chart of this douchebaggery:

http://finance.yahoo.com/echarts?s=C+Interactive#chart14:symbol=c;range=20110201,20111006;compare=baer.vx+bbva+gle.pa+dexb.br+ebs.vi+hbc+jpm+bnp.pa+lyg;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=of

(note: you'll have to tweak the timeframe yourself)

But Tyler's evil when he says bad stuff about Morgan Stanley?

Fri, 10/07/2011 - 10:18 | 1749516 gmrpeabody
gmrpeabody's picture

If Goldman is pushing the banks, that means they are trying to bail. Plan accordingly.

Fri, 10/07/2011 - 10:19 | 1749519 thedrickster
thedrickster's picture

A screaming FAZ buy signal no?

Fri, 10/07/2011 - 10:24 | 1749535 gmrpeabody
gmrpeabody's picture

If I only had the stones.

Fri, 10/07/2011 - 11:15 | 1749715 mark mchugh
mark mchugh's picture

In the longer run, everybody loses with leveraged ETFs.  Keep that in mind....

Fri, 10/07/2011 - 11:46 | 1749809 thedrickster
thedrickster's picture

Yes of course, standard disclaimers, toxic waste, etc.

Fri, 10/07/2011 - 17:15 | 1751177 LowProfile
LowProfile's picture

No.  That's not what he meant at all.

Look up "leveraged ETF time-decay".

Wed, 10/12/2011 - 20:43 | 1767937 thedrickster
thedrickster's picture

I know what he meant.... levered etfs decay.

Fri, 10/07/2011 - 10:10 | 1749486 thedrickster
thedrickster's picture

Tyler - Cramer and Melissa Long Time Lee spent a good 90 seconds castigating "some blog" this AM...

When the shining beacon of financial journalism says cease and desist you cease and desist damnit.

Fri, 10/07/2011 - 10:21 | 1749520 gmrpeabody
gmrpeabody's picture

They just wouldn't name names. Too funny. They are long B of A.

Fri, 10/07/2011 - 11:10 | 1749694 Money 4 Nothing
Money 4 Nothing's picture

Yea! Some Blog site.. err uhhhummm, wonder what site that could be??

 This was subliminally flashed on the screen, I hit Tivo rewind quick to see it again!

 

http://4.bp.blogspot.com/_acccBcRssk4/SRxRJlmf8jI/AAAAAAAAACQ/DVXcea8L-mQ/S259/thing+1+thing+2.jpg

 

It's the evil twin Tylers! Metteling kids! Stop telling the truth! your ruining their whole psyops!

Fri, 10/07/2011 - 11:33 | 1749771 gmrpeabody
gmrpeabody's picture

Too funny....

And your chicks for free!

Fri, 10/07/2011 - 10:10 | 1749487 Instant Wealth
Instant Wealth's picture

Zerohedge ! Your reputation on the other side of the pond is growing. You made it to p. 12 of the "Handelsblatt" yesterday. Translated in my best humble school english, here are some quotes, :

>INSIDE MORGAN STANLEY

It`s bubbling inside rumor kitchen
Morgan Stanley prized as low as in fall of 2008

by Thomas Jahn
"Fama nihil est celerius - nothing is faster than a rumor", wrote Titus Livius more than 2000 years ago. (...) Livius would be proud of Tyler Durden. That is the pseudonym of a blogger, who runs the well-known financial web site "Zero Hedge". Last Friday Durden pointed to the rising costs for Morgan Stanley credit default swaps. (...)<

(Handelsblatt, 10/6/11)
jahn@handelsblatt.com

Fri, 10/07/2011 - 12:11 | 1749895 slewie the pi-rat
slewie the pi-rat's picture

oddly, in spite of the fun-da-mentals, the squid may be right for short-term, earnings-based rally.  the moStan is gonna take the market-value declineZ of the bonds it has sold as some kinda earnings?  is that wtf they are up to?  and the bonds are about half-flushed down the shitter on their way to washington, so earning will be a nice "surpirise" and this play might work

but, as tyler says, if the squid fades these short-term playz, it will have sold some calls and bought some swaps, and the clients can close their ends on the "market" after the price gets a nice "rally" because nobody and their grandmother will know what's up and sell the news, of course...

Fri, 10/07/2011 - 12:12 | 1749897 Stochdoc
Stochdoc's picture

You can bet your asses GS is shorting the shit outta MS.

Fri, 10/07/2011 - 12:42 | 1750019 Money 4 Nothing
Money 4 Nothing's picture

Seems like a snake eating it's own tail, it's not a very good way to get nutrition.

Wed, 10/12/2011 - 11:53 | 1765999 karmete
karmete's picture

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