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Goldman Punk'd Clients Yet Again
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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HAHAHA. Thats all I have to say. If they have any clients.
...Just your pension fund.
Can someone please tell me the difference between Goldman and JT Marlin? Anyone?
JT Marlin didn't have an office in Manhatten
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?
ORI
/the-plan/
oldman (nut)sacks is the best contrarian indicator today
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
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.
They should resurrect the QE2 "F E D" bell tone.
"...Just your pension fund."
Good One Popo...
And I might add... his 401k Mutual Fund...
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.
Another astute counter-indicator from the Tylers.
that is a strange day, market going down on fundamentals..... how quaint
It ain't over. There's about 2 1/2 hours before the next bullish rumor hits the net.
ah, nothing like being someone else's bitch
Dear Lord Blankfein:
How will you justify record bonuses when GS stock is down more than 40 % on the year?
Regards,
F.B.O. Non-employee shareholders
That's "Honorable Lord Blankfein" to you, H. H.
There are always two Sith.
I stand corrected.
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.
puff puff pass puff puff pass...
Goldman Sachs, picking up where the old Merrill Lynch left off. Best contrarian indicator in the market is their client recommendations.
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.
but is it Tilson like?
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.
If someone pisses in the coffee pot and no one notices did it really happen?
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".
No, then it becomes morality. Ethics comes from within; morality is imposed from without.
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.
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.
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.
Funny Schiff video.
http://finance.yahoo.com/blogs/breakout/fed-vs-ecb-peter-schiff-peter-atwater-debate-161010807.html
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.
Goldman Sachs: putting the Stolper into every client rec.
Man. That shit is totally Stolpered up.
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.
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!
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.
Hopeless commodities warehouse? Please elaborate.
Google
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.
Link to ZH article from June:
http://www.zerohedge.com/article/goldman-jpm-have-now-become-commodity-c...
Their warehouse is a whorehouse because that's where you go to get their wares in your barehouse.
No way dude, I think they're invested in red ink.
The perfect video for this post http://www.youtube.com/watch?v=wYlptbR0Dkw&feature=youtu.be
What the bulls need today is a good Hilsenrath "Fed leak" on WSJ site....
FWIW, today was the first time in years that ive seen an ad for GS asset management.
Methinks the sheep are catching on.
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!
AHA! Knew it! Should have traded it....oh well next time.
more like shanked, didnt even wipe the blood and hair off the prison shank first
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.
fuck that...they should get a cash prize and have a park named after them.
Would love to see enough capital line up one day to short the shit out of one of GS's "contrairian" positions, and see their trading desk going"WTF...this is'nt going how we scripted it...."
A Stolper FX anti reco!
Stolpering
To Stolper.
Bend over. You are about to get Stolpered.
Thank you for those wonderful new additions to the english language!
We shall put them to good use.
So wait, what interest to they have in bankrupting their clients again?... Oh yeah, right, I forgot, a world full of debt slaves is eaiser to rule than a world full of wealthy people...
as I remember, pretty much EVERYONE in the ZH comments section saw that one coming.
The really big waves in the market have been making a lot of sense. This is the big-dog currency market. Minor stuff like equities and midgets like metals are little more than fleas trying to wag that dog.
For import-dependent US economic input costs must be bid down via a rising dollar to help small company profits and employment. For export-dependent Germany the Euro must be driven down to help industries and employment. Everything around these basics is in actual fact just diversionary noise.
Goldman still had clients after their long EUR/USD call, limit at 1.40?
Looks like Soros thinks MF euros was a good deal, he bought them all up, I wonder if he discussed with GS and they're going to repackage for him.
It was wham-bam thank-you mam; he puts up cash and collects the vig 'till the merde frappe le ventilateur.
These guys are pros. Fucking pros!!
You'd think that people would realize by now that Goldman's recommendations = inverse positions.
This isn't even a fucking conspiracy anymore; house sells - sheeps buy.
It really should be illegal for a financial firm to have a prop desk and sell to the public.
What kind of bullshit is that? They talk about conflict all the time, is that not the biggest conflict of them all?
But then again, it should be illegal for an investment company to have access to the fed window.
We all know who writes these laws.
It would be if the financial firms that have prop desks didn't write the laws.
Off topic but did anyone else notice the story about the protestors being arrested at Goldman headquarters is off line?
I bought FAZ right before close on Friday, will sell if the 3:30 rumor from reuters or FT comes out. I will sink my profits if there are still some by the end of the day into some silver. Sooner or later there will be to many bases for the banksters to cover and this whole thing will collapse and nothing will work in the market.
What if FAZ and the market go down at the same time? You do realize some days trade like that, and the entire situation could fall like that and stay that way... don't you?
There are actually people who take their money and trust it to these bloods sucking thieves? Man being a con artist much be one easy gig!
Taggart: What do you want me to do, sir?
Hedley Lamarr: I want you to round up every vicious criminal and gunslinger in the west. Take this down.
[Taggart looks for a pen and paper while Hedley talks]
Hedley Lamarr: I want rustlers, cut throats, murderers, bounty hunters, desperados, mugs, pugs, thugs, nitwits, halfwits, dimwits, vipers, snipers, con men, Indian agents, Mexican bandits, muggers, buggerers, bushwhackers, hornswogglers, horse thieves, bull dykes, train robbers, bank robbers, ass-kickers, shit-kickers and Methodists.
Taggart: [finding pen and paper] Could you repeat that, sir?