Goldman Punk'd Clients Yet Again

Tyler Durden's picture

On Friday, following the announcement from Goldman that the firm's had just turned more bullish on European financials raising banks from Underweight to Neutral, we said: "Goldman has just started selling European bank stocks to its clients, whom it is telling to buy European bank stocks. Said otherwise, the Stolpering of clients gullible enough to do what Goldman says and not does, has recommenced. Our advice, as always, do what Goldman's flow desk is doing as it begins to unload inventory of bank stocks. Translation: run from European bank exposure." Sure enough: European banks (as per BEBANKS) are now down 3.84% today alone, or -1.5% from the Thursday close, while the general MSCI Euro Fin sector, EUFN, is down 6% today. While not quite a slam dunk trade as a Stolper FX anti-reco, nobody has ever filed for bankruptcy by making money. Thank you Goldman.

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fonzanoon's picture

HAHAHA. Thats all I have to say. If they have any clients.

Popo's picture

...Just your pension fund.

Barbarous Relic's picture

Can someone please tell me the difference between Goldman and JT Marlin?  Anyone?  

distopiandreamboy's picture

JT Marlin didn't have an office in Manhatten

Oh regional Indian's picture

Beyond the joke of it's predictability, perhaps GS trade reccomendations are the wink wink hint to the ones in know to move. 

Given the inverse correlation rate, it sure seems like it, eh?



Comay Mierda's picture

oldman (nut)sacks is the best contrarian indicator today

Max Fischer's picture



ZeroHedge should get creative with the Bloomberg tools and track the inverse of GS's recommendations for all of 2012, similiar to what you guys did with Tilson.  Give it a year, be totally honest about it, and see where it is in 12 months. 

I guarantee it will go viral across Wall Street.

Max Fischer, Civis Mundi   


Darkness's picture

Why "Occupy Wall Street" when you can just do the opposite of whatever Goldman says its clients should do?

Also, someone find me a job. 

dracos_ghost's picture

They should resurrect the QE2 "F E D" bell tone.

Problem Is's picture

"...Just your pension fund."

Good One Popo...

And I might add... his 401k Mutual Fund...

Iriestx's picture

Jesus fucking christ, people pay for this advice?  You'd have a better track record flipping a fucking coin than buying advice from these used car salesmen.

Mr_Wonderful's picture

Another astute counter-indicator from the Tylers.

Iliketurtles's picture

that is a strange day, market going down on fundamentals..... how quaint

macholatte's picture

It ain't over. There's about 2 1/2 hours before the next bullish rumor hits the net.


non_anon's picture

ah, nothing like being someone else's bitch

hedgeless_horseman's picture



Dear Lord Blankfein:

How will you justify record bonuses when GS stock is down more than 40 % on the year?


F.B.O. Non-employee shareholders

williambanzai7's picture

Their blender is loaded with EURO Shit. EURO...Goldman's new AIG. You better believe Corzine was smoking the same cracked up shit his pals at Goldman were smoking.

GeneMarchbanks's picture

puff puff pass puff puff pass...

maxw3st's picture

Goldman Sachs, picking up where the old Merrill Lynch left off. Best contrarian indicator in the market is their client recommendations.

homer8043's picture

GS is craftier that that. They load a bunch of minimally ok advice and neutral advice with advice like this one. Tilson just seems like a dolt.

No One's picture

but is it Tilson like?

homer8043's picture

OWS needs to learn how to steal from the masters. Or just keep doing what their doing because they have actual ethics. Of course, ethics gets you arrested in USA 2011.

topcallingtroll's picture

If someone pisses in the coffee pot and no one notices did it really happen?

UnderDeGun's picture

Isn't saying OWS has ethics the same as saying elephants have gills? There is no "organization" that has ethics. Period. Individual human beings are the only ones with a capacity to explore ethics. Groups can't. Why? Because group behavior suborns individual capacity for individual thought. Humans have been genetically programmed that way over millions of years of surviving. With that it becomes obvious why it is truly rare that individuals stand out in history. Why? Because, standing out has proven itself to be a serious burden on individual survival --- a true negative over, "a long enough timeline".

Only an individual can directly decide to implement "ethical" behavior. To do so without choice requires coercion. Then it becomes someone else's "ethics".

Dirt Rat's picture

Only an individual can directly decide to implement "ethical" behavior. To do so without choice requires coercion. Then it becomes someone else's "ethics".

No, then it becomes morality. Ethics comes from within; morality is imposed from without.

chump666's picture

I guess OWS goes global and they set up $500 trading accounts, say they muster maybe 3million account holders. They all time one major short sell of Goldman.  Be tricky to pull off, but could work, OWS protestors short sells Goldman.  It would have to be a global effort. 

Jadr's picture

I've been reading ZH for quite some time and it amazes me how often these goldman picks immediately turn sour. I wish there was an easy way to find all the goldman suggestion posts in the archives and see what the % of immediately stopped out trades their picks lead to.

Bam_Man's picture

Most retail investors (Mom & Pop) don't even know what a "stop" is. They have been brainwashed into "buy and hold" and almost always get totally obliterated when they act on bad advice.

SteveGennisonBallWasher's picture

Thanks for posting.  Maybe the other two in the video can be replaced with kindergartners.  Schiff should've taken some shots while the others commented/questioned.  I know I would have.

slaughterer's picture

Goldman Sachs: putting the Stolper into every client rec.

topcallingtroll's picture

Man. That shit is totally Stolpered up.

warezdog's picture

Who else but GS can soak up liquidity like a sponge in the euro bond market by saying one thing and doing another?

Like the saying goes, a fool and his money are soon parted.

willien1derland's picture

Again Tyler - Thank you for the continued excellence in NEWS THAT TRULY MATTERS - If Goldman Sach's 'sophisticated' clients ARE FOOLISH ENOUGH 1.) to purchase European Bank Equities, & 2.) Follow Goldman's recommendation in the face of the prevailing circumstances - THAN Goldman will need to find new clients as everyone knows there is a difference between shearing a sheep & skinning one...only if there was a government  regulatory unit that would counteract the such underhanded dealing...Ohhh that is right - there is...but unfortunately the SEC has been captured by Goldman Sachs via the appointment of Mary Shapiro...CRONY CAPITALISM AT ITS FINEST!

Mr_Wonderful's picture

Don´t worry, GS is fast falling down on its sorry ass with its hopeless commodities warehouse business. Its schemes have been getting increasingly desperate. It´ll probably go belly up next year.

Scrilla's picture

Hopeless commodities warehouse? Please elaborate.

Mr_Wonderful's picture


Goldman Sachs warehouse business.

It´s nothing less than surrealistic.

In a world that is absolutely swimming in overabundance of everything, oversupply, overindebtness and demand failure - those jokers have been busy stocking warehouses with commodities on a gigantic scale. I guess they wanted to corner the world but instead tney´ll undoubtedly go belly up fairly soon.


ToNYC's picture

Their warehouse is a whorehouse because that's where you go to get their wares in your barehouse.

JimBobOMG's picture

No way dude, I think they're invested in red ink.

slaughterer's picture

What the bulls need today is a good Hilsenrath "Fed leak" on WSJ site....

qussl3's picture

FWIW, today was the first time in years that ive seen an ad for GS asset management.

Methinks the sheep are catching on.

warezdog's picture

just one of many to come, they'll be seen back to back with SuperBowl commercials as soon as the teams are decided, most likey 4 in rotation per hour during primetime thru February. You can be sure the big eye and the peacock will be cashing those checks as soon as they're played and ALL make goods will be made good! Between 50" 3D TV ads and GS ads you haven't seen nothing yet, the best is yet to come!

SheepDog-One's picture

AHA! Knew it! Should have traded it....oh well next time.

stant's picture

 more like shanked, didnt even wipe the blood and hair off the prison shank first

loveyajimbo's picture

The guys who eventually catch Blankfein outside of a jewish deli, and proceed to beat the crap out of him should be jailed... for at least 24 hours... and then let go but with a VERY stern warning.