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Goldman Under 100 pips From Being Stopped Out On EURUSD In 24 Hours, As Expected

Tyler Durden's picture




 

On Friday, when we learned about Goldman's latest FX recommendation which said to "go long EUR/$ with a narrow stop at 1.35 for an initial target of 1.40 (currently at 1.3715)", we said: "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. As a reminder here is how Stolper's last EUR/$ recommendation ended." Sure enough, 24 hours later, Goldman is under 100 pips from being stopped out: at last check the EURUSD just touched on 1.3596.

 

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Mon, 11/14/2011 - 13:37 | 1876045 GeneMarchbanks
GeneMarchbanks's picture

Apology?

Mon, 11/14/2011 - 13:39 | 1876049 Mike2756
Mike2756's picture

nope, just irate customers.

http://youtu.be/US18DpeieVs

Mon, 11/14/2011 - 13:49 | 1876058 GeneMarchbanks
GeneMarchbanks's picture

If you trade Goldman FX advice, consider yourself gone full retard. Unless of course you use them as a contrarian indicator.... especially Stolper.

Mon, 11/14/2011 - 13:55 | 1876096 Richard Chesler
Richard Chesler's picture

These fuckers are good.

Real good.

 

Mon, 11/14/2011 - 14:07 | 1876124 Popo
Popo's picture

No seriously: This has gotten to the point where Goldman needs to do *serious* damage control. There is literally no one left that doesn't laugh at their guidance. That's not a problem you bounce back from in a month, a year, or even 5 years.

Goldman has become one of the market's most obvious and compelling fades.

If you play your clients, and the general market for suckers -- it can be enormously profitable over the short term. But long term? This is how you destroy yourself boys. keep it up. We've all seen this movie before. Perhaps you haven't?

Mon, 11/14/2011 - 14:13 | 1876143 Carlyle Groupie
Carlyle Groupie's picture

You get what you pay for.

Mon, 11/14/2011 - 17:54 | 1877136 sullymandias
sullymandias's picture

Pay your dues

Pay your respects

Pay for what you get

Mon, 11/14/2011 - 19:03 | 1877306 myne
myne's picture

Gold man speak with forked tongue.

It must be obvious by now that this guy isn't an idiot; he's lying.

Either that or he's George from Seinfeld who just happens to have figured out that his instincts are always wrong and goes against them.

What was his bonus last year?

Mon, 11/14/2011 - 13:38 | 1876046 LawsofPhysics
LawsofPhysics's picture

The markets will do what it's master wants.  Any questions?

Mon, 11/14/2011 - 18:16 | 1876061 scatterbrains
scatterbrains's picture

Which leads me to wonder if the Masters want that 11/11/11 high on the SPY which occurred at 11:00 am (line chart hourly basis) to hold or are they just teasing us ? 

btw that 11:00 am high could also be counted as a 5th of ending dia. C bitches!  Looking for lower from here on out.

Mon, 11/14/2011 - 13:38 | 1876048 prains
prains's picture

Squid pro quo

Mon, 11/14/2011 - 13:39 | 1876051 ABG LINE
ABG LINE's picture

ROFL!

 

Mon, 11/14/2011 - 13:40 | 1876053 Eireann go Brach
Eireann go Brach's picture

He sounds like a shoe in for the next Treasury Secretary!

Mon, 11/14/2011 - 13:45 | 1876070 Stuart
Stuart's picture

that was nothing but a pure pump to round up a herd to sell into....  standard MO.

 

Mon, 11/14/2011 - 13:48 | 1876075 kengland
kengland's picture

Volume on the ES is at a DRIP. WTF? With the nuts falling off the wheels there's nothing but a small drip in the SNP

Mon, 11/14/2011 - 13:49 | 1876079 HD
HD's picture

Goldman used to be invincible, now they are more like this...

 http://www.youtube.com/watch?v=Vskv1Rpujwg

Mon, 11/14/2011 - 14:20 | 1876162 junkyardjack
junkyardjack's picture

Guess they won't be eating food tonight

Mon, 11/14/2011 - 13:50 | 1876084 Belarus
Belarus's picture

Well....with the market barely down on the EUR/USD, and if Golman is a buyer at 1.35, then expect the DOW to hit 13,000 by the end of next week.

Not even sluge-hammers can take the market down thesedays. The robots have a firm handle. 

 

Mon, 11/14/2011 - 13:58 | 1876101 topcallingtroll
topcallingtroll's picture

Goldman isnt buying at 135.

That is just their public call.

We have no idea what their super secret VIP letter at $100,000 annual subscription is calling.

Mon, 11/14/2011 - 13:51 | 1876087 The Axe
The Axe's picture

who is trading. it feels like no one?????

Mon, 11/14/2011 - 13:54 | 1876093 Belarus
Belarus's picture

Anyone who understands no volume equals Ben's robot's are in charge. Trade long. No volume melt-ups are  the new normal.

Mon, 11/14/2011 - 14:01 | 1876112 RiverRoad
RiverRoad's picture

Except for the Wall Street honchos punching it up to get their bonuses.  Once those babies are pocketed look out below.

Mon, 11/14/2011 - 13:54 | 1876092 topcallingtroll
topcallingtroll's picture

So....if goldman is long gold publicly should we get out?

Must resist urge to speculate.....must resist.

Mon, 11/14/2011 - 13:55 | 1876094 midgetrannyporn
Mon, 11/14/2011 - 13:55 | 1876095 NoClueSneaker
NoClueSneaker's picture

Tylers keep humiliating the poor GS, there is some savage guy hunting squids with the spear, Europe doesn't like Marios Baby Squids .... shocking, if I may say ...

But I like calamaris, so keep it on :-P

Mon, 11/14/2011 - 14:04 | 1876118 Desert Irish
Desert Irish's picture

Looking at the downticks on the Goldman comments above I suspect there's at least 1 baby squid here.....

Mon, 11/14/2011 - 14:07 | 1876125 Can2001
Can2001's picture

Mister 100%. congratz. cu @ 1.3500

Mon, 11/14/2011 - 14:12 | 1876142 ziggy59
ziggy59's picture

Ms. AJC from AuMaleSacks will be out soon, to explain how wonderful the economy is..

Mon, 11/14/2011 - 14:16 | 1876152 sheeple2012
sheeple2012's picture

yes, seeing more green shoots every day - my S&P target for 2012 is now 1700

Mon, 11/14/2011 - 14:15 | 1876148 YesWeKahn
YesWeKahn's picture

So, lying is just a part of their daily business?

Mon, 11/14/2011 - 14:20 | 1876163 ziggy59
ziggy59's picture

No, not lying.. banks never lie, neither do the more-ons that supposedly lead..

Mon, 11/14/2011 - 14:23 | 1876179 ziggy59
ziggy59's picture

Like George Constanza said on Seinfeld, if u believe it, its not a lie.

Mon, 11/14/2011 - 16:28 | 1876781 Dr. Kenneth Noi...
Dr. Kenneth Noisewater's picture

It's not lying if you're doing God's Work... 

(aka Taqiyya)

Mon, 11/14/2011 - 14:25 | 1876184 slaughterer
slaughterer's picture

EUR/USD should clear 1.37 tomorrow easy on the backs of all those rosy Q3 Euro GDPs.  Today is the set up to get long EUR/USD.  MSM has scared everybody that EZ is in a recession, but Q3 should still be good, if rearview mirror, and this should provide relief to the desperate wannabe-bull suckers who think the GDP q/q should be negative.  I predict a nice gap up overnight.   

Mon, 11/14/2011 - 14:34 | 1876215 Belarus
Belarus's picture

So much for this artucle, no longer 100 bps, now that Europe is closed the ripfest can now continue. 

Mon, 11/14/2011 - 16:03 | 1876623 falun bong
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Do NOT follow this link or you will be banned from the site!