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Goldman Does It Again: Muppets Slaughtered
"Shocking." Just "Shocking."
Stopped out of our short S&P 500 recommendation
We have been stopped out of our short S&P 500 recommendation on today’s close of 1365.5, just above our 1365 stop, for a potential loss of 1.05%. After an initial sharp move lower, we tightened the stop, and today’s rally pushed the index just above it.
This trade recommendation, opened on June 21st following a weak Philly Fed survey print, was predicated on ongoing weakness in the June data set with the recognition that policy developments in Europe were a risk. Indeed, policy initiatives flowing from last week’s European summit exceeded expectations, sparking a sharp rally that began late last Thursday and extended into last Friday.
Yet, the data continue to surprise to the downside: weekly claims are trending higher, today’s ISM was down sequentially and well below expectations, and GLI growth and acceleration remain solidly negative. Looking ahead, our US economics team expects to see a 75K print for June payrolls on Friday, which is below consensus expectations of a 90K number. And so apart from a re-rating higher of European prospects, the market continues to look vulnerable to ongoing cyclical weakness and our bias remains to the downside.
Our question after the initial recommendation hit:
S&P 1500 imminent?
Or maybe Goldman finally gets what we (and Citi... and Deutsche... and SocGen) have been saying for months: there will be a massive policy response, both monetary and fiscal, but first a major crash is needed to jar everyone out of the hypnosis that just because the S&P is over 1350 all is well...
We now know the answer. And this happens just 10 days after this...
At least this means it is safe to short again.
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Slaughtered muppets a.k.a. beating a dead horse.
GS cheated by moving their stop down. Mine is still at 1390.
SHORT THE PLANET you fucktarded fucking muppets -- you don't need Goldman or JPM!
These people are the "Charlie Browns" of lemmings, errrrrrrrrrrrrrr, investors.
Why does anyone still have money with Golden Sacks?
Let me list my address and they can just mail some of their money to me and I'll "invest" it for them... Honest
Inflation is simply a form of overcompensation for economic deficiencies.
To read yet another view on how deflation is a precurser to inflation, check out the Amphora Report: http://www.planbeconomics.com/2012/07/02/the-amphora-report-from-deflation-push-to-inflation-shove/
<< Goldman Does It Again: Muppets Slaughtered >>
"It isn't easy being green..."
http://images.wikia.com/muppet/images/f/f3/Kermit4.jpg
Thats funny, cause I closed my short position with a 20% gain ... ???
I closed mine at a tidy profit as well. You would think GS could do better than a 1% loss if us amatuers can make a few bucks.
Looks like a decent time to be long up to 1400 (with reasonable stops). Thanks ZH for the continued "end of the world" scenarios to help keep some negative sentiment in the market. Does not hurt at all to have a bunch of shorts lined up for a squeeze.
Banzai should do a slaughtered muppet pic, so ZH can use it like the deer in the headlights one. I want lots of blood and mangled fuzz.
So What. If they do it and probally will, how long will it last. Better Yet.
The question is: with ramping markets in either direction, can Zero tell us when..........?
Cash is King. Only Goldman and the Banking Cartel knoiw when. This is how it works:
Goldman, king of the bankster cartel do it all. Think of it this way. The club is huge.
Barclays and Cartel Rig Interest Rates, JPMorgan and Cartel Rig Commodity Prices. Goldman and Cartel Rig Stock Prices.
The market Ponzi Scam continues without the SEC doing anything. Truly pitiful. Price in Not Truth.
Even though GS was stopped out, I wouldn't sound the all clear to short just yet. We have the ECB up next, and I'll be shocked if we don't get 50 basis points. Between last week's announcement and the rate cut, we should punch through 1380.
I will be very surprised if it doesn't make it back to 1400 with earnings season on the doorstep. Probably the familiar pattern of push and slam the close.
Be very patient here. Higher prices are on the way (believe-it-or-not).
I believe...muppets are never on short supply.
Fuck them both VD
I have enuff money on my shorts to withstand S&P 1500 and even more ... at least when am short i can sleep at night
STFT and then BTFD
the end is near, and the score cards will be updated by the year end for the winners and losers.
have faith, be patient.
Im, "Shocked", err.. I mean "Shortcked". Uhh, sumpin' like 'at..
I'm a sad muppet holding some VXX. Down 6% today with VIX up.
I wonder if VXX is needing a rebalance or needs to re align itself with the futures? I have been holding VXX for a bit, I decided to write some calls against it to ty and get some of my loss back. Chances are it won't go anywhere until after election.
VXX rebalances every day. At the moment it is mostly August futures with a small component of July futures remaining.
Its daily price movement can be 4 times that of the VIX and sometimes even more.
Anyone holding this needs to have a solid record of market timing. Otherwise it is functioning as a muppet to the scalpers.
Give them a little time, they'll rebalance with another 3-1 Reverse split. VXX has be going down in value since they issued it.
Not just Goldman but ZOMBIES do it again too..
http://now.msn.com/now/0701-face-eating-china.aspx
since i do not know what policy will be and when i refuse to play this rigged game of yours
thank you very much
But..but...Treasuries are in a bubble and bank accounts/cash pay almost nothing. Sure, the stock market is a rigged casino. That's why you need to hire a "professional gambler" (aka Goldman/Merrill/Morgan, etc.) to place wagers on your behalf. For a small fee, of course...
"Treasuries are in a bubble and bank accounts/cash pay almost nothing" - wasn't that the plan? the suckers stopped lining up and so they tried to force everyone's hand and that really makes me disgusted. because the general populace really never had a problem with the investment banks charging a fee and making a profit. but - the profits weren't big enough, and certainly not to cover their excessive gambling loses. and it's also part of the pyramid up scam. i still think the best anyone can do is cash and maybe pm's, because they ARE going to sweep the equity's table 20 - 30 % really soon when they realize nobody is putting new cash in equitys even with negative savings. well - according to the fed, not negative, because inflation is so low.
Best advice money can't buy. It's pathetic to see the "Goldman genius" in a deleveraging market.
Why does everyone keep missing the thought that the Fed will print with the dow at 15,000 and the S&P at 1500? Maybe it's the bond market that finally gives way and forces them to intervene? Maybe for once the equity guys are right?
Nah.
It's only shocking if you trade along with GS "client' recomnedations.
GS hopes for you to "do as they say, not as they do"
Audit, Expose, End it
LOL, Didn't GS forecast 1285 last week? Sheesh, even the sheep know to use GS as a contrarian. To the moon baby!
Seriously though, this rigged game makes me sick. The American people need to go long on ropes and trees, and this theft would come to a screeching halt.
Crazy.
This next thing you'll be telling me is that Anderson Cooper is gay.
As if that's fucking news, too.
Dude, you've got to get your gaydar fixed...
screw stocks, i am filling my freezer with beef, the storms and drought gona hurt us at the store in a few weeks
Be glad you have power for the freezer.
Generators are a important investment. Unlike the stock market which is a ponzi scam.
So "European prospects" up ("At least, we think so; after all, the S&P did trounce our pessimism") while "ongoing weakness in...data set" continues/worsens and "the market continues to look vulnerable to ongoing cyclical weakness and our bias remains to the downside"; but no restatement of a trade recommendation made some 40 points cheaper though the original conditions on which it was "predicated" mostly persist?
Understandably reluctant give this latest performance by Goldman's proprietary "Delayed-recognition Batshit Eurozone Headline/Econ Calendar Red/Green Ratio" algo.
Maybe retail really IS the smart money now....
Really?? On a day where about 10 robots were trading, they stopped out? Grow a pair GS.
So are you the Harry Wanger or the alter ego of Wanger? I look forward to the strange and very werid over optomistic comments.
75k on Friday? That should impress. Let the rally begin!
Anything above zero will be "much better than expected" and the obligatory zero-volume melt-up will ensue. Position yourself accordingly.
And Who does business with this worthless derelict company?
Why don't you just go down to your bank manager at BOA and ask him where to set your stops ya dumb shit?
Make your own decisions, live with them, and don't bitch if you don't know what the eff you are doing.
thought Flopbook was the last nail in the coffin to anyone listening to Goldmans
Mr. Bill - GS client
Mr. Hands - GS
Sluggo - the market
oops
Beaker!
Oh no, he got caught in another lab explosion!
http://images.wikia.com/muppet/images/9/93/Labs.firepaper.jpg
Shorting = having more faith in the US government and its issuance of currency, than that of productive businesses.
Really, really dumb, IMHO.
GS needed the stop liquidity to close out their longs.
" we tightened the stop"
When did that happen?
Just before the juicy bubble fart.
lol
Coming soon the new Muppet Roadkill Cookbook....as an extra, we included a special section on "Grilling Your Road Kill After Your Utilities Have Been Shut Off", but wait, there's more..."How to Determine if Your Muppet is Kosher"....
C*ntman Sux
Oh no, newsflash every one: The markets are rigged!
Let's all sing along........“Why do we always come here: I guess we'll never know: It's like a kind of torture: To have to watch this show"
http://www.youtube.com/watch?v=EJ9yAV8uQ7g&feature=related
This advice makes no sense. If you were short before and down 1% with ISM horribly weak and payrolls on Friday why wouldn't you let it ride for a few more days?
Maybe it's time to short the ten year again?!? Morons...
I have always suspected that the famous hecklers Statler and Waldorf were secretly conspiring with Goldman against the other Muppets. Now I find out (http://en.wikipedia.org/wiki/List_of_Muppets) "They're named after the late eighteenth and early nineteenth century robber barons E.M. Statler and William Waldorf Astor."
Looks like we're in for a (Fozzie) bear market.
The impetuous whining and crying that goes on by 90% of the posters on this website is pretty amusing. Guess what nerds? The world isn't going to end despite your daily temper tantrums. Your gold isn't going to be worth dick once Spain or Greece default along with a mega bank or two and the debt is destroyed.
Not worth dick you say? Thanks Nostradamus. What happens if revised Euro looks like solid currency after a couple piigs leave? And money flows from US dollar back to better alternative? You're right of course that world will not end. And theres nothing wrong with having some of one's assets in stocks. But having some of them in gold is not wrong either.
What a moron. Everybody knows Greece and Spain won't be allowed to default. At least their debt won't be allowed to default, even if their economies collapse completely.
Even if Greece leaves the EU, their debt will be serviced by someone else.
Bankers just aren't gonna let the worldwide sovereign debt ponzi scheme implode. They'll print and print as much as they have to.
What WILL implode is the currency. It's called currency collapse.
And that's when you'll see gold at prices so high it'll boggle your little moron mind.
All that's needed is the right collateral. When those Greek bonds are secured by some ancient temples (great tourist income) and/or sunny-beached Greek islands, the "investors" will no longer care about what Greece does in the long run. Stay or go, the common folk must be milked of the last drop.
Is it fresh kapital cos you already ran out and had to go get more? Just curious. :)
FUGS!
They were a great band in the sixties!
They are betting on an inevitable massive print by the Fed - there is no other reason to be bullish on equities. So grab gold and maybe some equities and hang on might not be a bad bet.
Low volume accompanies the end of wave 2.
http://bullandbearmash.com/index/sp-500/hourly/
Could see another "absurd" jump before this market turns down again.
Oldskool parasites, ordinary decent soul suckers.
Short S&P today.