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Goldman Stock Price Drops Back To Double Digits For First Time Since March 2009

Tyler Durden's picture




 

It is too early to proclaim that ding dong, the vampire squid is dead, but it just dropped below triple digit range for the first time since March 2009. To anyone who enjoys to wager, this may be a good time to put some money that a Management/Buffet Buy Out (MBBO) of Goldman Sachs may be in the works.

 

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Mon, 09/12/2011 - 10:50 | 1659541 ZeroPower
ZeroPower's picture

MS under 15, looking shitty as well. 

Mon, 09/12/2011 - 11:37 | 1659785 AldousHuxley
AldousHuxley's picture

GS is private arm of US Treasury to raise funding for bubble cycle operations and to training ground for future Treasury secretaries. Stock may go down, but GS will never go out of business just like Japan will never let Toyota fail, Russia will never let Gasprom fail, US will never let GE/Ford fail, even war lords in middle east never let the bread and butter industry companies fail.

Mon, 09/12/2011 - 22:50 | 1662354 Hephasteus
Hephasteus's picture

Hey. I just visited your blog a couple days ago. You're french government creates a bank run article. Is screaming across the entire universe just about. It's making folks deaf on pluto at the very least.

Mon, 09/12/2011 - 10:50 | 1659546 HUGE_Gamma
HUGE_Gamma's picture

second!

Mon, 09/12/2011 - 10:52 | 1659547 dwdollar
dwdollar's picture

"Teleprompter In Chief" suppose to be squawking about something soon.

Mon, 09/12/2011 - 10:59 | 1659579 Oh regional Indian
Oh regional Indian's picture

All the signs of a pattern are emerging.

General sharp down-draft, humpty-dumpty moment for anything fragile, and then up, up and away for real world and down down and ??? for paper.

Not that GS is going to hurt in any of it. Squids can keep re-growing lost tentacles (is that what they are caled in Squids?)?

V

Source of US Geopolitical  Power

Mon, 09/12/2011 - 10:51 | 1659548 SITruth
SITruth's picture

Great!  Keep going down until it gets to $1.00 and Lloyd Blankfein is behind bars.

Mon, 09/12/2011 - 15:36 | 1660887 sunnydays
sunnydays's picture

I will be thrilled  the day it is at $1 but the govt will keep their little company up there and throws trillions at it if need be.  Nothing I would like better than for Goldman to become Lehman or Bear Stern

Mon, 09/12/2011 - 10:53 | 1659553 pappyhlace
pappyhlace's picture

did u guys hear that...the sound of goldman wanks realizing there will be no bonus this year

lest they put a gun to bernankes massively shiny head

Mon, 09/12/2011 - 11:09 | 1659637 SITruth
SITruth's picture

Bernanke is going to put his own gun to his own head, like Bart in Blazing Saddles.

"Hold It!"  "No QE3 and this Central Banker gets it!"

Mon, 09/12/2011 - 10:53 | 1659557 Flakmeister
Flakmeister's picture

I'll be happy when GS is a single-digit-midget...

I remember Lehman going down...  at the office, I gave people a reverse history lesson..eg, $14.53... Constantinople just fell... $10.66 Battle of Hastings... Anyway you get the idea.

Mon, 09/12/2011 - 10:56 | 1659560 Salty Dawg
Salty Dawg's picture

last three teleprompter events have resulted in some major dips in the dow while he is speaking. Try and notice what the dow is when he starts his reading. the jobs event speech in Ricmond was epic.

Mon, 09/12/2011 - 10:55 | 1659562 Djirk
Djirk's picture

glad I took my profits on that pig....booked some others last week as well....i feel a trading range coming on?!?!?!

Mon, 09/12/2011 - 10:55 | 1659565 Irish66
Irish66's picture

over exposure

Mon, 09/12/2011 - 10:57 | 1659569 bill1102inf
bill1102inf's picture

Awwwww... The Staaawks are down, and so is gooooold. You do realize that if the EUR implodes, the USD will go volkswagon and send the price of gold to something like $300. After the metal rocks back and forth from 300-3000 it will not look like the store of 'wealth' that it does now.

Mon, 09/12/2011 - 11:01 | 1659589 treemagnet
treemagnet's picture

Whatever happens, the fed will print, then print, and finally print some more.  Early ain't wrong.

Mon, 09/12/2011 - 11:01 | 1659592 Awakened Sheeple
Awakened Sheeple's picture

Doesn't matter... EUR, USD, JPY.. They're all going down eventually. Plan accordingly.

Mon, 09/12/2011 - 11:01 | 1659594 Careless Whisper
Careless Whisper's picture

OMG everyone that owns gold is starting to panic. What's next, riots? Demands for paper with ink on it?

http://stockcharts.com/h-sc/ui?s=GLD

 

Mon, 09/12/2011 - 11:02 | 1659597 maxmad
maxmad's picture

hmmmmm... I think Gold will outperform everything except silver...

Mon, 09/12/2011 - 11:23 | 1659724 Djirk
Djirk's picture

as your unpaid unsolicted advisor you may want to take some PM profits...all asset classes can get creamed in a panic...as you know fear drives more volume than greed.

Mon, 09/12/2011 - 11:12 | 1659618 jdelano
jdelano's picture

addendum to the above (bill):

 

(sent from my idiotpad)

Mon, 09/12/2011 - 10:58 | 1659570 Careless Whisper
Careless Whisper's picture

If I was thinking like a criminal banker, I would be hittin' the bids on that sucker 'til it was pushed down to $50 and lookin' like it was heading to zero; then I would take that baby private. Cost about $35 Billion. pffft. No brainer. Last year Goldie paid out $15 Billion in bonuses. Oh, and I would have a secret promise from the Fed in my back pocket of course. Lloyd would have to take one for the team and plead guilty to something and do a year or two at Club Allentown. Sounds like a plan.

 

 

Mon, 09/12/2011 - 11:02 | 1659598 treemagnet
treemagnet's picture

I bet we'll learn soon why 'ole Lloyd felt the need to "lawyer up".

Mon, 09/12/2011 - 11:41 | 1659805 theprofromdover
theprofromdover's picture

But at what point do they lose bank holding company status?

Mon, 09/12/2011 - 10:58 | 1659575 treemagnet
treemagnet's picture

MBBO.......+1

Mon, 09/12/2011 - 10:58 | 1659577 Lmo Mutton
Lmo Mutton's picture

GS.pk bitchez.

Mon, 09/12/2011 - 10:59 | 1659582 pappyhlace
pappyhlace's picture

geez deutsche gettin dropped kicked in the face on a daily basis...

 

Mon, 09/12/2011 - 11:00 | 1659588 TradingJoe
TradingJoe's picture

ZER O Damus now waving some "Bill" which WE will have to pay for?!?! Fuck YOU!

Mon, 09/12/2011 - 11:01 | 1659591 anyways
anyways's picture

if i had to choose, i would buy shit instead of gs.

Mon, 09/12/2011 - 11:03 | 1659603 ietalon
ietalon's picture

Ninty nine is looking good, but number nine would be even better and take jamie with you. see-ya!

Mon, 09/12/2011 - 11:04 | 1659611 gratefultraveller
gratefultraveller's picture

OT (?)

Who Runs the World ? – Network Analysis Reveals ‘Super Entity’ of Global Corporate Control

In the first such analysis ever conducted, Swiss economic researchers have conducted a global network analysis of the most powerful transnational corporations (TNCs). Their results have revealed a core of 787 firms with control of 80% of this network, and a “super entity” comprised of 147 corporations that have a controlling interest in 40% of the network’s TNCs.

http://planetsave.com/2011/08/28/who-runs-the-world-network-analysis-rev...

Mon, 09/12/2011 - 11:04 | 1659615 pappyhlace
pappyhlace's picture
S&P 500 May Plunge 21%, Bank of America Says

http://www.bloomberg.com/news/2011-09-12/s-p-500-may-plunge-21-bank-of-a...

 

little more than i thought...but close enough

Mon, 09/12/2011 - 11:08 | 1659631 oogs66
oogs66's picture

did buffett ever exercise his warrants?

Mon, 09/12/2011 - 11:08 | 1659633 Zola
Zola's picture

Call being made to Geithner for Operation Twister to buy stocks ? Bank stocks ?

Mon, 09/12/2011 - 11:10 | 1659648 Belarus
Belarus's picture

EVERYTHING rests on BAC. $7 seems to be a death spriral number. Above it, all hangs by a thread. Below it, it all, ALL, unravels. Everything else is just noise. 

Mon, 09/12/2011 - 11:14 | 1659674 jdelano
jdelano's picture

who/what is backstopping it?  their button finger must be bloody by now.

Mon, 09/12/2011 - 11:17 | 1659686 buzzsaw99
buzzsaw99's picture

at the rate they give away stock to insiders they won't have to buy it. good riddance.

Mon, 09/12/2011 - 11:24 | 1659726 b_thunder
b_thunder's picture

"this may be a good time to put some money that a Management/Buffet Buy Out (MBBO) of Goldman Sachs may be in the works."  - WRONG!  Management has no balls, Buffett's terms are much too costly. 

But QE-3 and/or TARP-2 are definitely in the works

 

Mon, 09/12/2011 - 11:29 | 1659750 John Law Lives
John Law Lives's picture

Couldn't happen to a nicer bunch of guys...

Maybe it is God's will.

Mon, 09/12/2011 - 11:38 | 1659788 DoChenRollingBearing
DoChenRollingBearing's picture

GS under $100?

BULLISH, BITCHEZ!

To be consistent:  /sarc

Mon, 09/12/2011 - 11:54 | 1659857 tahoebumsmith
tahoebumsmith's picture

Hark, is that bathwater I hear running in the background?

Mon, 09/12/2011 - 12:11 | 1659893 Downtoolong
Downtoolong's picture

Whoever is doing such a great job of propping up BAC stock with a $7 floor should reveal their self. Maybe Goldman will want to hire them too.

Mon, 09/12/2011 - 12:47 | 1660007 Bolweevil
Bolweevil's picture

Jump you fuckers!

Mon, 09/12/2011 - 15:02 | 1660644 CIABS
CIABS's picture

i look for a bounce in the low 90s, at give or take 92.50, on the way down.

Mon, 09/12/2011 - 22:55 | 1662376 Hephasteus
Hephasteus's picture

Star Wars Knights of the Old republic needs 12 million customers to keep a 300 million dollar investment from getting flushed. It's got. 1,690,000 and a we're fucked christmas card list. Lucas can't get 4 million customers for all the stuff he shits in a box. No way they are coming up with 12 million.

This crap and repeats of this crap on larger and smaller scales is all over banks.

Tue, 09/13/2011 - 21:59 | 1665979 moxia19
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