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How To Lose All Your Money With Goldman Sachs
It seems the Muppets have been well-and-truly Oscar'd this time. Combining Goldman's once-in-a-lifetime equity buying opportunity position recommendation with their short Treasuries trade has produced an astoundingly un-positive return of -29% in just 48 days (based on SPY (stocks) and TBT (ultra-short TSYs given duration and beta). Extrapolated using the only tool that counts (Birinyi's famous ruler) this means your account is Corzined by Thanksgiving - happy holidays.
Percentage performance of the Goldman 'once-in-a-lifetime' trade recommendation from 3/21...
Chart: Bloomberg
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Hmm. I wonder where all that money comes from that ends up in the banker bonus checks [not counting direct injections via bailouts, of course]....
TBT will soar when QE3 is announced and/or a few other variables. Gross was off too. But yes TBT has been brutal.
Agreed. Everybody who suggested shorting treasuries so far has been mauled. It is a tough trade to go up against an opponent who has unlimited capital, there is no margin for error.
With the 10 year yield at 1.62, QE will be a bit of a harder sell, though with the USDX at 83 and gold in the mid 1500s, they might get away with it.
Hello, McFly? Isn't it obvious?
Goldman wanted to offload shares of SPY onto dumb money and load up on treasuries!
GS - the contrarian indicator that keeps on giving
BTW, they also have a price target of $850 on AAPL.
"Keep in mind that every time someone loses in the market, someone else wins." - Mitt Romney
Ha ha, you gotta read the comments by readers at the tail of the link. The common man like us are so sick of this shit and propaganda from the FED, their bedmate banksters, and the blowhard FED media like CNBC with baffoon manic depressive talking heads like Cramer. Anyway check it out! ha ha ha, hilarious
CNBC - the banksters' broadcaster - the real classic headliner from March http://www.cnbc.com/id/46808343/Stocks_Offer_Best_Opportunity_in_a_Lifetime_Goldman_Sachs
strannick - don't forget about crude's slike into the $80's ...personally, I think they gotta wait until LSC has a 7 handle (even $79.99) and then they get the 'all clear'
Any collapse in treasuries would presumably be quite sudden and violent, given the connection with interest payment on the national debt.
The FedGov is backed into a corner where they must do everything possible to avoid/prevent a return to the kind of interest rates we had in the 1980's. It's pretty much ZIRP forever from here forward, with no plan beyond that, but don't hold your breathe waiting for FedGov to say it. It's probably beginning to sound cliche, but just look at Japan, hopelessly stuck with ZIRP for decades now.
FedGov is finished using interest rates as a policy tool. They don't have that in their toolbox anymore. They are stuck with ZIRP for as far as the eye can see.
"The FedGov is backed into a corner where they must do everything possible to avoid/prevent a return to the kind of interest rates we had in the 1980's."
Absolutely. Shorting treasuries seems silly to me. Once that trade starts to make money, the money you will be making will approach worthlessness.
I wouldn't count on it. Only good time to short treasuries is following panic buying alongside the usual massive downdraft in equities.
Long treasuries may have another 50-100 basis points in them before we are done.
I agree fully. I expect to se the yield to hit sub 1% as we are Japan now.
Why stop there? Go full Mortal Combat with Subzero.
wouldn't u be better playing futures contracts? besides, I wouldn't expect a bond market collapse for a long time. But look to the PBOC no doubt ;D
My bond funds have done great. Deflation is around the corner. Negative rates are a real possibility.
Wouldn't it be nice to see Blankfein in the scene of the movie 300, where Leonidas kicks the Persian in the bottomless well. Lloyd Blankfein being the Persian messenger. It suits Lloyd to be that character since soon he will deliver a message to Americans that he'll need another bailout. That is when Obama should scream out," this is the White House" and kick Blankfein out of the 3rd floor window.
I'd like to see him kicked in the bollocks
I'ts more likely Obama will scream "this is the White House" then go to Congress and get Blankfein his/our (in a Fascist economy what's the difference) money. Romney would do the same.
Still smokin' that Hopium I see. YES WE CAN
lol
I can manage my own account to zero by myself, don't need no professionals to help me.
I have been taking the free advice of MillionDollarBonus.
Long Facebook anyone?
Ol' MDB has been pretty scarce as FB has tanked. Must be scraping up pennies to buy more and lower his average cost. He does it all the way down, he can get his average cost to about $20 or so. Imagine the stories he'll be able to tell his grandchildren. His brilliance is blinding.
He posted yesterday, or the day before, he bought the dip at 30.50 added 500 to the pile, says he is cost averaging.
Not sure where, but I know I saw it, because it cost me another keyboard, milk does the body good...keyboard..not so much!
Third keyboard since join'n ZH...This place is fuck'n hillarious!
Anyone know what happened to Trav?
CC
He was banned a while back along with Robo. But it seems Tyler let Robo out of the time out chair because he posted a few days back. I've only seen one post though. The shocked responses were pretty funny.
He wasn't banned - the saga was on a thread one time.
i think he was just getting sick of pseudointellectual sanctimonious pricks like Akak.
He's not alone in that.
It's easy, it comes from taking the other side of their recommended trade. They're (GS) making out like bandits, again, on the backs of the "muppets". It's just recognizing the reality that is around you. Brings a story to mind from my university days... I was sitting for a CS 300 level final and the guy next to me is stretching. I turn and ask, "So dude, why all the stretching - it's only a couple hours sitting?" His response was priceless, "I want to be flexible, so when the time comes I can bend over easily and kiss my ass goodbye." He had a great recognition of the reality around him - me, not so much. I'm getting better though... I'm here and I'm not a muppet.
So there isn't an anti-GS hedge fund out there yet? Anyone wanna start one?
"Never fired and only droppped once..."
Oh great! Now you had to go and blab this to everybody...
On a long enough ruler, the return rate for everyone drops to zero.
On a long enough ruler, every guys dick looks small.
Not if you change the scale. Kind of like QE. 'We can guarantee pension funds amounts out to any timeline you choose, we just cant guarantee their purchasing power' -Allan Greenspan to Congress
What's Birinyi's ruler? Sounds like indian food ...
It burns even more on the way out.
The device commonly used to measure cock size on wall street
man, i had no idea as to what Birinyi's ruler was.
but i thought it good to explore.
so, it was time to highlight and right click and search. sure enough, that got me on the trail of a series of fine,fine articles from the zh past.
a big ty to zh for the adventure.
I have to ask. What is a good forex broker for the retail investor?
MF Global
Wait for it....wait for it...
I would............not for comex prices though!!!
Got silver maples for sale $50oz. if anyone is interested?
anyone selling physical...
Thanks, I think I just crapped myself.
apmex, bro
Why is there not an ETF that takes all the opposite trades of Goldman.... GSUX
The real question is ... would Goldman go long or short the stock with ticker symbol GS?
I'd sure as shit short the shit out of myself (with as much $ as I could) if my stock sucked as much as Goldman Suchs stock sucks.
I can see the PR now: "We're bankrupt, but it's okay err'body. The profits from our CIO's incredibly large, leveraged short position on our own company stock has literally returned 5x the money that was lost in our stock reaching it's resting place of $0.00. In other words, we're rich, bitchez."
reminds me of the bank that booked a mark-to-market profit on its own debt ... want to say it was UBS ...
They all did - it was all the rage to do this so as to be able to declare a profit in the 3rd or 4th quarters of 2011: we could theoretically buy back our own bonds for less than we sold them, so we're booking this as a profit.
(Nevermind that whatever the market price of the bonds they still have to pay the same coupon and pay the same amount of principal when their bonds mature unless they actually buy back those bonds, rather than theoretically)
To me this is clear evidence that the accounts of financial institutions are total and complete bullshit.
i'm starting to wonder of this isn't just the plan they came up with to take the squid private, like warren's been talking since he ponied up the "bailout" money in '08
this will work out well for them if it is, i think
GS is both long and short GS. See the JPM Act 2 sticky for details.
Who do you trust? Who can you trust? The TBTF do not have your best intrests in mind .The BONUS rules all.
Coin flippers
Isn't Goldman the counterparty to its clients trades?
Goldman must be making out like bandits.
The headline should be How To Lose All Your Money To Goldman Sachs
at this stage, things are calling for a little of the ole edgar allen poe (courtesy H Simpson & J E Jones):
http://www.youtube.com/watch?v=LlgQQgDhH7U&feature=related
nevermore, bitchez!
janus
Goldman are rich braindead a-holes
'Cause these f*cktards went long EUR when the Spain/Italian yields (Spanish) were widening 30 day - 90 correlation (Q4 2010, Q1 2011) when Goldman thought the ECB could save the world, which have actually ended up f*cking Europe sideways (via distorting bond markets and tail-risk trades...hence adding more risk and uncertainty to the overall picture of pure meltdown).
Chart of the rolling 30 day correlation and the Spain/Italian bond spread vs EUR http://fingfx.thomsonreuters.com/2012/05/31/034748bd3a.png
Unfucking real. Seriously, how do they keep the muppets happy and recruit new ones? How and why is there even one client left?
http://vegasxau.blogspot.com
I've been asking the same question for a couple of years now. They stink of hubris, greed, and contempt for their clients. Who does business with these turds?
Other (dumber) turds.
how do they keep the muppets happy and recruit new ones? ...
The Education System and Mainstream Media.
It's called progaganda, and it has been very effective.
I don't think they actually have clients. I think they put these recommendations out there to provide cover for the pension fund managers who will act on their recommendations so long as they promise make them GS partners when they get fired from their pension management jobs. "I was only following Goldman's advice, who couldanode it was wrong at the time ? Sorry for wiping out your pension fund. Bye"
Can anybody please explain to me why we haven't had major bank runs yet? Goldman does nothing but rob their clients blind. MS rolls out the worst IPO in recent history , Corzine vaporizes 1.3 billion dollars, and the list goes on. We have some dumb fucking people in this country.
A-fucking-men! I can't even wake up family members of friends. Hell they seem to not even care...And I never thought they were stupid people either. It's getting sickening beyond words. There is only a certain type of person that will wake up and I guess a lot of them are already here. Thank god for that at least. Thank you Zero Hedge a million times for this REAL journalism and not the utter filthy propaganda spewed out by the MSM.
http://farm8.staticflickr.com/7101/7305805864_1ed9293306.jpg
I hereby make it contracturally illegal for humans and their creations, which includes computers, to do business with GS and JPM.
Theres a perception that Goldman is a broker and investment.bank... thats a lie. They are, with JP, the Federal Reserves attack dogs against everyone else. This is the new.age-bots against bots.
They are the closest thing to organized government and organized crime . They run the show, rip faces off retailers for some extra cash,and no one can touch them. Goldman runs the world , Obama, Romney. Put a fork in the system...
is that a trick headline?
Goldman Sachs is to the "retail investor" as Rudy Eugene is to homeless bums.
How To Lose All Your Money With Goldman Sachs?Breath, be human, etc. and so-on.
Well, it's probably like how to make a million in a casino: Start with 2 million.
It's only money.
Call Stoltzman!
Gold man sacks.
If only.
LMA0.
...and (F)Ra(c)PEbook plant http://www.youtube.com/watch?v=WxRu7RX2_fk
Child's hand cut off
by
Drunken Zombie Banker
and http://www.youtube.com/watch?v=fDFVUTqyPJs
Let This Be A Lesson
in http://www.youtube.com/watch?v=k_5afbAOnRM
Book'em Danno...
I would short the 10 year Treasury if I could keep the proceeds and pay the piddly 1.6%/year interest. Then I'd use the money from the short to pay off my higher rate mortgage loans and bank the difference. I guess there's no way for the average investor to do that however.
You folks have no respect for the massive amount of time ,energy , and devotion to task that the GS employees bring to each and every reccomendation.
Of course, since Abbey went into semi-retirement they have not been as consistently accurate, but there was only one Abbey.
Thank God.
Call that ass hat " Stolpher".
Tell him you want to trade the euro/vs xau! Anyone catch that Brazilian rate cut? Like a glove! 50basis points!
Is Chaveze dead yet?
Free Jon Corzine.!!!
Bansters-in-my-...
Where is that parasite? Vampire/Governor/ quasi-bond ( primary dealer) want-to be/ douche, HELD_UP?
Free Bernie Madoff.
GSAI: Muddling Through in May
http://www.cnhedge.com/thread-5780-1-1.html
Tyler,
Do these shining results parallel directly with what Abbe Cohen pushes on Maria's program? I mean really, how in heck does she still work at Goldman? Those clients must be screaming for bloody murder. Btw, great stuff today mates.
I keep hearing that @DougKass is all-in with that trade.
DUH
The only question for me is how to make "Corzined" sound even more like "cornholed" - it is understood that in a financial cornholling performed by Corzine, he is wearing a concertina wire wrapped rubber.
Corzoned?
Corzoled?
Corholed
Ahhh - Corzinoled
Market indexes shared a bearish story.
http://bullandbearmash.com/index/sp-500/weekly/
Did they take these position for a return or to offset something worse?
gaddaffi invests in them using his peoples sovereign wealth fund.
not his money the countries investment fund goldman they steal billions leave nothing.
and then laugh about it.
said the mad dog deserved it.
then another branch of the syndicate trash his modern city and destroy his self funded mega water project.
for the reconstruction contracts from yet another branch.
they use banned test mini nukes fill libya full of cancer depleted uranium and nothing is ever said about the countries stored gold.
and it is all legal.
rape,theft and murder.
Oh my, the cost of higher education! Sheeple will eventually learn as soon as they're bank accounts are "ZERO"
My Gold/Silver is right where I left it!
Well actually the acount would be Corzined by Holloween - shortly before the projected zero cross.
If Goldman tells you it's "Once in a Lifetime" or "A Lock"........go long the other way.
In a sense, you can go Constanza on GS advice: Whatever they say, do the exact opposite.
Bought the TMF in April, GS has 50% interest in this one, so far so good.
But..... but Cramer said it was the trade of the Century?!? I guess it just depends which side your on?