Goldman Stolpers Clients Again As EURUSD Breaches 1.3500, Squid Stopped Out On Friday EURUSD Trade Reco

Tyler Durden's picture

Well, it didn't take one day... It took a whopping two days for our always contrarian call to do the opposite of what Goldman said on Friday, to materialize. As we said on Friday afternoon, "Time to sell the EURUSD with both hands and feet, not to mention with MF Global-type leverage: that uber-contrarian FX indicator, Goldman's Thomas Stolper, who has not had a notable call correct in the past 2 years, just came out with a long EURUSD call, calling for a 1.40 target and a 1.35 stop loss. Yes, this means Goldman is now selling EURUSD until 1.40 and will begin buying it at 1.35." 48 hours later Goldman's clients lose big, Goldman's flow desk wins, and anyone who agreed with our traditional cynicism made several thousand pips assuming the proper use of MF type leverage.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
PicassoInActions's picture

i made but not much, will do better next time

nope-1004's picture

Doing God's work.

Gotta love it.


2 Corinthians 11:14
No wonder, for even Satan disguises himself as an angel of light.
GeneMarchbanks's picture

Why not just keep the trade unless you think there is a bounce coming soon...

strannick's picture

Thomas Stolper is as good a reverse Euro caller as Nadler is for gold.

Don Birnam's picture

Gartman's reverse calling abilities are universal, spanning all asset classes.

Don Birnam's picture

"Stolpers" ( pres. tense ) -- "Stolpered" ( past tense ) -- verb. Synonym: "shtupped."

PicassoInActions's picture

i burned several times with EURO

some how its so resilent... some1 is constantly pumping .

Better safe than sorry, i would say we will stay above 1.35 for the day

DormRoom's picture

As soon as the Euro implodes, the USD-JPY will collapse, and the BOJ will have to massively intervene.  Thus you will see Japan's economy crater.


Love Is A Burning Thing
And It Makes A Fiery Ring
Bound By Wild Desire
I Fell Into A Ring Of Fire

I Fell Into A Burning Ring Of Fire
I Went Down, Down, Down
And The Flames Went Higher

And It Burns, Burns, Burns
The Ring Of Fire
The Ring Of Fire

s2man's picture

LOL.  I was singing that when I woke up this morning.

pods's picture

I always thought the Ring of Fire was the euphemism they used for the can at Pepe's All You Can Eat Chili Emporium?


Foul Ole Ron's picture

Sovereigns, central banks, Midle East are all buyers as they constantly diversify their USD holdings for various reasons. Eurozone banks deleveraging currently are also buyers. That'll put a halt to any sustained dip - hedge funds and the like would love to run EUR down but they're hitting brick walls. It'll change when more participants want USD a lot more i.e. when the shit properly hits the fan in a big way.

slaughterer's picture

Der Stolper bekommt dieses Jahr kein Boni.  

GeneMarchbanks's picture

A nice break at 1.35 aaaannnd it's gone.

monopoly's picture

Amazing how a squid with billions can be so wrong and this site, with donations helping every day can be so right.

And they are buying the dollar and moving out of gold some today. What a bizarre world we live in.

Arius's picture

Not very hard to figure it out ... it all depends how you look at your client ... do you think they can afford another haircut? are they fools which for the better good of the society should be separated from their money ? 

this site on the other hand is giving info to people they do not even know ...not hard really ... if you ask me not hard to figure out WHO IS DOING GODs WORK...

LongGold's picture

I'm pretty sure the squid wasn't stopped out. But the clients that were stupid enough to take the trade were :-)

homersimpson's picture

Goldman's motto: "We'll sell our mothers for a dollar."

GeneMarchbanks's picture

GS employees have mothers now? News to me.

Jena's picture

No wonder the dollar is losing its value.

Max Hunter's picture

Reptiles and parasites have mothers.. they are just immediately abandoned at birth.. or prior to..

DaveyJones's picture

Lloyd told me he was immaculately conceived. Does this mean he'll be crucified?

ToNYC's picture

As in Patton, you got that wrong. Gold men delight in Sacking your mother for that send her in, or wait they'll work a sting. Their mothers didn't love them so they substitute the lowest common denominator of white trash money and never get there. Fk'm.

Zola's picture

Since when does anyone listen to the advisory desk of an IB ?? No stake at all in being right about their calls. 

Mactheknife's picture

>Goldman's clients lose big,

It's hard to figure how they still have "clients".

vegas's picture

Back in the day, when pit trading ruled the universe,  people would pay guys like Stolper to stand somewhere nearby and pontificate on market direction. 100% wrong is as good as 100% right. Everybody has a gift for the world, if only they could see it, and from what I've seen, the prop desk loves his ass.


EZT's picture

Why aren`t they selling more..

YesWeKahn's picture

How did Mogan stanley do?

Vaiman's picture

These guys should have their asses thrown in jail.  Their day of reckoning is coming soon and it don't look good for them.

glide21's picture

haha, the usual malarkey, the bank do it again, why am I not surprised, and short and now long Euro?


Forex Strategies

Racer's picture

Doesn't any know that round number stop are a stupid idea? Ah yes the suckers suck in the suckers to suck them dry

Instant Wealth's picture

... the round numbers are for clients only.

ToNYC's picture

Of course it doesn't long as it moves for any and all reasons, they get  chance to steal something in the motion. It all happened so fast!!!

If you move to their words, you are born-to-lose.

JenkinsLane's picture

Maybe "stopler" should become a new verb? For example, "Oh sh*t, I've been stolpered!"

Instant Wealth's picture

The German language has the verb stolpern.

The English translation is to stumble.

... humble Tom Stumble

Global Hunter's picture

Oil up, gas up, silver up, gold down can it really be this simple?

edit: i re read the link I posted and to be fair they recommend going long WTI and gas

firstdivision's picture

I tried to use the leverage that MF Global did, and I was arrested for fraud.

IrritableBowels's picture

Anyone know why the market just surged 40 points?

Caviar Emptor's picture

Easiest quick money for the bots and algos

Beatscape's picture

The USD pulled back.  The reaction in the ES / SPY was instantaneous and on the vicious side.

FWIW... I've been doing well buying the XLE on stock market dips and buying FAZ on rallies.  Pure day trading... not for the feint of heart.  

IrritableBowels's picture

You got that right.  I get Tourette's for about 7 hours a day.  TVIX.

Ragnar24's picture

True... but what caused USD to pull back? 

I'm wondering if it's that same situation that ZH pointed out a week or two ago: EU banks and sovereigns are selling dollar-denominated assets and converting proceeds to Euros (to fund their losses in BTPs and now OATs)???