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Goldman's Market Top Tick Returns 1.6% To Its Prop Desk, Clients - Not So Much

Submitted by Tyler Durden on 01/30/2012 11:20 -0400

As we commented last week when Goldman propped a Long Russell 2000 position, their recent track-record in perfectly wrong-footing their clients is statistically outstanding as a contrarian indicator. Following on the heels of Stolper's record-breaking run of wrong calls in EURUSD, the Goldman strategy team has very magnanimously had 1.6% of client moneys donated to their bonus fund since they managed one of the better top-ticks we have seen in months. And with collapsing trading volumes pointing to another plunge in quarterly bank earnings, Goldman's "Investing and Lending" group desperately needs any alpha it can get its hands on.

Chart: Bloomberg

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Mon, 01/30/2012 - 11:22 | 2109551 homersimpson

The day isn't over yet. Lotsa top-tick action left, barring a rumor-infested headline from Europe or the mainstream media.

Mon, 01/30/2012 - 11:37 | 2109597 Mr Lennon Hendrix

The VIX was ripe for a win. EUR/USD back to $1.265. Dow to lose a few hundred over the next week. Not sure what is going on with the JPY. Looks like they will have to spend more Yen.

Spend more Yen! Spend more Yen!!

It has a ring to it :)

Mon, 01/30/2012 - 11:40 | 2109612 resurger

My Ninja sword is slaughtering sheeps at the DOW as we speak!

Mon, 01/30/2012 - 14:18 | 2110274 El Hosel

Goldman's Top Tic Lymp Pic from a Chick with a Dic.... just say no to Abby Jo.

Mon, 01/30/2012 - 11:22 | 2109552 PicassoInActions

can some1 write a recomendation letter for me so i can get a job at GOldman?

Mon, 01/30/2012 - 12:21 | 2109784 WonderDawg

I'd have to see how you do with an eightball and a bevy of hookers.

Mon, 01/30/2012 - 11:23 | 2109557 The trend is yo...

Thx Goldman for saving my short russell position...keep up the great work

Mon, 01/30/2012 - 11:29 | 2109570 Alexmai

Trader Alert: The Baltic Dry Index just collapse, the last time it was this low was early 2009, at the bottom of the crash.

http://investmentwatchblog.com/trader-alert-the-baltic-dry-index-just-collapse/#.Tya3H1xSTDM

Mon, 01/30/2012 - 11:39 | 2109605 resurger

So Alex, are you saying that the economy is fucked?!

Mon, 01/30/2012 - 11:39 | 2109607 Mr Lennon Hendrix

BDI Signals Renewed Market Decline:

http://www.zerohedge.com/news/guest-post-baltic-dry-index-signals-renewed-market-decline

Mon, 01/30/2012 - 11:39 | 2109611 Everybodys All ...

It didn't just collapse ... it's been collapsing since at least November 2011 and has been largely ignored. How long before even Bernanke sells this market?

Mon, 01/30/2012 - 12:35 | 2109851 Mr Lennon Hendrix

He's selling it.

Mon, 01/30/2012 - 11:36 | 2109594 resurger

Yup! when i read tylers saying GS recommending going long on Russel 2k .. went short

As i have been saying previously

"Take off is optional, landing is a must"

People are still putting hope in Qeasy, which is additional debt to the economy!

Mon, 01/30/2012 - 11:37 | 2109599 Mr Lennon Hendrix

Shocking

Mon, 01/30/2012 - 11:37 | 2109600 LawsofPhysics

I like the way energy prices and some energy stocks are holding their own, more decoupling going on now. Where is Roboturb to tell us the he bought U.S. Air on Friday?

Mon, 01/30/2012 - 11:47 | 2109630 I should be working

Aw, did they close the Russell long already? How is that 10yr T note short coming? As I remember they recommended it when the 10 yr yield was 2.07%, now it's 1.84%, I hope they didn't let that one ride.

Mon, 01/30/2012 - 11:46 | 2109635 RobotTrader