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Goldman's Stolper Sets New Client Corzining Record
There are simply no words to describe this.
We opened on Monday a long NZD/$ recommendation, partly on the basis that the Fed would ease monetary policy today with additional non-conventional measures. At the same time we pointed out that New Zealand’s economy looks relatively well protected against cyclical weakness. During the week both hypotheses were confirmed with much stronger GDP data in New Zealand than expected and the extension of “Operation Twist” by the Fed.
At the same time, however, long NZD/$ exposure is also strongly correlated with overall risk sentiment. The continued weakness in US macro data, as illustrated by today’s Philly Fed index and deteriorating political news flow from the Eurozone, led to a sharp deterioration in broader risk sentiment.
With much of the macro rationale for the recommendation now past and in line with our short SPX recommendation earlier today, we cut long NZD/$ exposure for a small potential loss of 0.7%.
Stolper. FTMFW.
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Muppets enjoy getting things shoved in from behind. In fact Muppets demand it.
Stolperized again.
I.e., "for the muppet-fucking win"!
+1
Muppet Scalping Season is officially open!
U believe that GS took a 70bps hit??? No way, they have ZERO trading loss days quarter in and quarter out....they didnt take no effin loss. GS only saying that to make the clients feel like they werent alone...but we all know the truth that in reality GS made the 70bps off their clients.
Gotta remember leverage on FX is 100:1. Losing 1% is very damaging to a porfolio.
I think in the US it is now limited to 50%.
Can someone explain to me where Goldman's muppets get their money from? I'm just curious to know where this inexhaustable stream of rich suckers is coming from.
Judging from my cohort? The children of rich boomers who park their trusts, smoke too much weed, and start up jewelry businesses using only fair trade jade from Nepal.
Or other such children-of-boomer pipe dream
it is The Great Squandering.
PS: my folks are dirt farmers. I have zero trusts to squander.
In the end the "dirt farmers" will be driving the Ferraris (paraphrasing Jim Rogers). Forget about jade jewelry, stock up on seeds (weed won't be a bad crop) for your parents farm. Collapse always involves a lack of food:
Starving Greeks queued around the block for free food handouts yesterday as the country's politicians managed to end a crippling stalemate to form a coalition government.
Young children as well as the elderly waited in line in Athens to collect the parcels of fruit and vegetables donated by farmers from Crete to help ease the devastating austerity faced by many Greeks.
Read more: http://www.dailymail.co.uk/news/article-2161651/Starving-Greeks-food-thousands-politicians-finally-form-coalition-government--long-last.html#ixzz1yUCcZM93
Your 401K, your IRA, your pension, your savings and checking account, your city taxes, your county taxes, your state taxes, and your federal taxes. Oh, and everything else everyone has any financial stake in. Even PMs.
If anyone loses money, directly or indirectly, somewhere GSJPM is on the other side of the trade.
This is GS's Muppett money - OPM - Other People's Money. This is the new USGSJPM.
Enjoy it, or it's camp for you.
Answer: Federal taxpayers via the PBGC bailout fund. (What do I win, Monty?)
In other words, now underfunded pension funds, whose Investment Advisors (i.e., muppets) continue to make leveraged bets to meet their annual acturial return expectations (and lose), thereby evenutally forcing the PBGC to bail out the union hack beneficiaries after being leaned on by corrupt Congressional Democrats seeking re-election and campaign fundraising.
When we had the Bush/Hank Paulson/Neel Kashkari Bailouts of 2008 Goldman was in trouble.
Paulson and Kashkari were both X Goldman employees.
To help Goldman somehow a magic wand was placed over Goldman and they got bank status.
So now, they too can go to the FED discount window and borrow on and off the books.
Ever meet a small business owner who knows nothing but his own business?
There are a few million well-to-do people out there who work their asses off in buildng shit, cooking shit, fixing shit and so on, who work nearly every day of the week, and therefor save a good portion of their income.
I know quite a few, and I reckon they are still doing rather well, not wastefully spending their money, only to end up investing with vampire squids desguised as suited frat boys n girls.
Better still can you intro them to me? I have some great deals I know they will like.
Mr. Durden, don't they know who you are?
"I'm Bad. I'm the baddest MF in the world. I'm the Juggernaut, Bitch!!"
-30-
http://youtu.be/KiU5NKajhBA
Stolpered out!
Conzine is laying low somewhere, hoping all this will blow over. WE WON'T FORGET, Conzine!
<golf clap>
speaking of Muppets
http://youtu.be/urRugc52Bs0
A rare video of Stolper stolpering:
http://www.youtube.com/watch?v=hN8qrNQjFoU
Eat your peas!! Muppets!
Let them eat cake.
Let them smoke crack.
What is that Tyler 14 of 14? I've lost track.
Easier just to track the percentage, then it never changes, always 100.
Al I am going out on a limb here...Two weeks from now we get a negative NFP and GDP barely hugs 0%. Thats when we get slammed and when we do that's when gold starts the climb to 2k. Your pictures of food analogy was great. You seem to know gold pretty well. What do you think?
Seems that the worse the global solvency issues get, the more blatant the lying and price manipulation becomes in the paper/futures gold world, so its hard to say, but I think the traditional late-June early-July low, is probably still a safe bet. Regardless of what the price does, though, holding physical PMs still seems like the best insurance possible given the current global financial situation.
Yeah, he's had enough misses to start placing his percentage of failure instead of his ratio, he's well past the ten attempt pick and fail rate, best he can aim for is low to high ninities.
Where do I sign up to get Stolper's recommendations before everybody else does? I want a direct electronic connection to his brain.
[NZ] Houses prices will drop, bank warnsThe rapid rises in house prices in Auckland are unsustainable, says Westpac.
''Interest rates will not stay this low forever. We expect rates to rise substantially over the 2013 to 2015 period, as the Reserve Bank struggles to contain inflationary pressures arising from the Canterbury rebuild. Higher interest rates would put the brakes on the housing market in short order,'' Stephens said. ''And second, house prices in New Zealand remain stretched relative to incomes.''
http://www.stuff.co.nz/auckland/local-news/6645256/Houses-prices-will-dr...
Yet the only way for housing prices in Australia, if you were to ask Westpac (funny how we now refer to corporations as if they were people), is up, because we have such strong fundamentals here apparently.
Why does this guy still have a job!?
this guess is making them gobs of money. corzining clients this quickly makes him eligible for Lloyd's job.....as lloyd prepares to take turbo's job.
you called it 101
Who gets these Goldman reco's? Are these large, whale type clients gettting these trading ideas? Obviously the retail guy never sniff's this garbage. Does a Goldman rep call up one of his muppets with these fantastic ideas or what?
It's a bucket shop boiler room scam. Like that film. Boiler Room.
Wait, is it "Stolpered," or is it "Corzined?"
Stolzined or Corpered either will work.
If you get Stoplered, your money will be Corzined.
Yeah, the headline tries to combine two different things.
Stolpered: when someone with a track record of being wrong 100 percent of the time gives you advice, and you lose money taking that advice.
Corzined: When you steal clients segregated funds to use as collateral for your own debts.
Note. It isn't quite clear if said advice is deliberately diseminated misinformation so Goldman can unload uncomfortable positions. Seems likely.
Like the ratings agencies, they will swear up and down that it is "just an opinion."
Corzolpered?
Stepford?
"Stol-Zucker-Zined". Bitchez.
Not even a reacharound. RAND () has a better track record than these guys.
It's called the American Freedom.
"New Zealand’s economy looks relatively well protected against cyclical weakness" -
Maybe off-topic, but recently read that New Zealand banks are now the "go to" country for Russian money laundering? Maybe that is why they stated "protected"?
Kind of like how Amazon is the go to place for Russians to sell black market aquired products.
Oh you really did think that $500 60" Samsung TV deal you saw actualy came from an authorized dealer.
Half of what is sold on the Amazon marketplace is counterfeit or stuff that fell off the backs of trucks.
Not just the money either.
Lot of Russians in NZ too - east Auckland is lousy with them.
Who the hell is he talking (writing) to??
himself, in the nude in front of a mirror, drinking embalming fluid after three tabs and spliff......see then it aassssssaalllllllllll make sence!
Did you hear Bob Guccione is buying the island of Lanai?
No, it is his lanai that is being reupholstered.
So do the muppets get the courtesy of a reach around with that .7% loss?
I think that gave me whiplash...
I may need drugs...
I wonder if a scumbag like this ever picks up the dinner-tab?
I laughed so hard, I Stolpered my pants and had to wipe my Corzine with a whole roll of Zig Zags!
Maybe if his name gets cross posted on many websites due to his 100% wrong calls then anyone searching his name will immediately see what a crook he is. Lawsuits are likely.
here's some words to describe it:
They have no fucking clue what they are doing. They have their fat heads up their asses. They are complete fucking morons.
semperfi: Are you Robotrader's Mom's brother?
He is Robotraders baby girl.
Where are Robotarder and Grand Supercycle today?
"BIG EQUITY RALLY COMING" - HAHAHAHA
NO QE for you! Deflation across the globe .. for now.
Wer lesen kann ist klar im Vorteil, Walküre. Cheers
Nobel Prize in Economics
For Me??? Why thank you. I will add that to my mounted diplomas from three online universities. Maybe that will get me some respect.
Run over a Granny with your Choomwagon and get a Peace Prize.
That oughta do it.
That speed bump didn't last long. NASDAQ is getting ass-raped.
Fuck me. double-post
This ramp doesn't seem like the usual violent rip. Hmmm.
NZD/USD correlated something like 85% with the SP500. Those idiots.
Probably the best muppet-themed song ever performed: Oscar the Grouch by Chronic (a defunct band here in Charlotte). Worth listening to if you're a funk afficionado -
http://www.myspace.com/chronicfunkyjazz/music/playlists/my-playlist-9141
+1 CA! That shi-diddly-it is crack-a-lackin!
Damn we should be selling this guy to Jim Chanos.
He's like an Anti-oracle!
Just trade the opposite of whatever he says and you're a winner!
Seriously, who is better: GS or Cramer?
so to work for GS you need a degree in idiocy,and burgulary.the only word to describe this is BARF
No - you need connections and they should be the right connections. Right school, friends at the FED, proof that you can rape and pilllage, etc.
does stoploss read zerohedge-----how embarrassing
Damn, you just can't make this shit up. Any way we can tap into this anti-moneymaker? Can any human be 100% wrong all the fucking time for years on end? Apparently. WTF.
http://vegasxau.blogspot.com
he didn't like the EUR a short time ago when it was @~1.24
i left a tag on a string for Y/C:
I do not understand why you hammer on Stolper: he is is still on the payroll of God's workers. Means, that he will get his bonus, because he is doing.....God's work!
Look at the chart, bloodbath, what a canute...in the name of god why would anyone listen to this man? Im lost for words, the level of deviousness is just awe inspiring, and a little unnerving as these utter bastards obviously know which way the wind is blowing. Lets hope he never meets any of his clients on a bad day.
Fucking thieves. nzdusd is the most sensitive currency to risk sentiment.
"We were completely wrong, but now we're right - honest."
The smart and nimble investor knows that these kinds of market fluxuations are part of today's dynamic economy. Now plz deposit more $$ into your account, muppet.
FTMFAWF!
???? ? ? ? ? ? ?
I am a STOLPER fan! Even his name is so funny... 'stolpern' is the german word for stumble..through the trackrecord.
Kiwi is a classic risk on/off trade. Aside from sheep and interest rates I'm not sure what else they offer...
rugby, racing and beer mate
and wellies !
I made a small fortune investing with Goldman
had a large fortune when I started