Anyone else find it disturbing that Goldman’s personal emails are being broadcasted and published for the world to see? Who the fuck do these Congressmen think they are? I know it’s part of the “investigation” at hand. But I just think people are way too docile when it comes to personal privacy. The reality is, we are living in a benign police state, where everything is monitored and everything is punishable by way of dick-sucking prison terms. Fuck those people on capital hill, twice over, with cacti.
The market “corrected” today, thanks in large part to reason taking hold of the market. While it’s true, I am positioned long. It’s also true, I will be fine, as always.
There was only a handful of stocks that resisted today’s sell off, one of them Goldman Sachs Group, Inc. [[GS]] . I bought my initial piece and will buy more into weakness. My target position is 10,000 shares.
Finally, my thoughts on the market have not changed from a week ago, despite selling out of [[TLT]] . With my [[TLT]] proceeds, I went long some stocks; but nothing too extreme. At the present, I have 10% long [[VXX]] , 28% cash and 62% long. The market “should” correct 10% from these levels, setting up the best buying opportunity of the year. My mantra will be to remain patient and try to avoid following some of you fuckers into egregious murderholes.
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I’m glad i didn’t put any buy orders in yesterday. That’s all
Blankfein is murdering levin
That comes as no surprise. I really don’t know how the man gets re-elected here. I got an e-mail from his office the other day proclaiming how his committee was going to make everything all nicey nice for the US taxpayer and protect us from the big bad GS wolf. I replied that I was far more concerned about his government making messes in the sandbox than GS. As expected I received no reply.
I like that. The goldmanati
I will never take the side of government.
They have done too many fucked up things for me to trust them
They fuck everything they get their hands on. Now they want to be able to write regulation saying they can take over a firm if they deem it too big to fail?
These idiots in congress couldn’t find their way out of a wet paper bag
Revolution is the only answer. Vote all these bastards out
Arise and raze the legacy of their lies
To realize that this in itself is an ascension
Towards the day we revolt.
As the seeds you’ve cast away take hold
War will be born.
Rejoice, the age of the fall has begun
We’ll dance as the palaces burn.
When money is the motivator, there you will fine coruption. The last of the great men who put honor first died long ago.
When money is the motivator, there you will fine coruption. The last of the great men who put honor first died long ago.
Yum, Yum!
Hope your right!
is that a BWLD murderhole?
BWLD is indeed getting murdered….
That drop is just nasty
The euro has been crashing for almost 5 months. It is forming a potential capitulation event on high volume. This , at the very least, could keep a floor under the whole market into friday. I’m out all IWM shorts. We managed to hold friday lows through 2 country downgrades. That is an extremely bullish omen . It only broke down in the very last half hour of trade. The euro will set up for another short at some point, but possibly not until next week.
No matter how compelling a story may be, parabolic trades will blow you out 90% of the time. Especially, if you come in 5 months late. As the euro manages a squeeze over next 24-72 hours, materials/energy/export stocks will all find support. I still like DBA and DAG from these levels.
Fyi, im also getting out my dow swing shorts–along with the russell and XLE shorts. There WILL be another opportunity to short in next few days
Euro shorts are about to get ambushed
http://www.youtube.com/watch?v=Q14jt4dgThY#t=1m18s
Buy the dips. 80 points served up tomorrow, piping hot.
Great question regarding why Goldman voluntarily handed over the personal emails of Tourre….GS is setting him up as the fall guy.
The GS thing is straining at a gnat while swallowing a tarp covered camel.
Sikander
I am fully aware of email policy. But i do not agree
Fabulous Fab is being thrown to the wolves. Only his e-mails were released.
then you agree with Dr Coburn because he thought it was horrible that GS released the little frogger’s emails and actually felt sorry for the little Fabrice. I kinda feel sorry for him too – who names their kid after a fabric softener?
He was born pre-fabric softener. Knowing Goldman, however, it’s likely he’s the scion of a fabric softening dynasty.
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so if I understand you , you understand the legality of the issue, you don’t agree with the ethics of it…
US Steel narrows Q1 loss! Buy X bitchez!!
This whole GS saga is quite amusing. It’s like Barney Fife placing Hannibal Lechter under arrest. The pedestrian leaders of our government are going to be completely played by the Goldmanati.
But on the more serious subject of these congressional grandstanding Stalinist Show-Trials: there is no more justice in this country, no rule of law. It’s whatever those in power want it to be, and against whomever they want it to be against. God help you if you are not on the side of the powerful, because no one else will.
“These congressional grandstanding Stalinist Show-Trials”
yep yep
It was disgusting how they just seemed to be fishing for sound bytes and “gotcha” quotes when then were asking about how GS was short as a hedge but still net long.
LOL.
McCain: “How much was your bonus last year?”
Blankfein: pause….”About $9M.”
McCain: “And, how you doin’ this year Mr. Blankfein?”
Blankfein: “Financially, pretty well.”
I disagree. The goldman guy destroyed congress today. Not even close
That’s not saying much Fly.
You clearly don’t understand where you are.
These fools in congress are dumb as a box of rocks. This is a total PR stunt by the demoncrats. Make it look like they are going to go after Goldman right before elections, and take the populist side. I love how Blankfein has to school these idiots on market makers and principal trades.
Moe – They’re not dumb, they’re playing to the masses. You and I both know the evening news will be filled with Levin et al. grilling the Fat Catz [sic]. Joe and Jane six pack, pissed off at 10 or 20 years of falling further and further behind will be cheering them on. Water cooler talk tomorrow? Everyone will be an expert on short selling and market making.
That is all.
They had all of the emails. What are you talking about? They were reading blankfeins too
I thought I heard one of the Sens. say they would not have released any e-mails except GS released Fab’s first.
Japan getting smoked
employee of a company – emails are NOT personal can be subpeonaed..
If Blankfein were a car salesman would he have told you the Prius had random acceleration problems? duh…
Mrs. b – Did you borrow the Dr.’s time machine? Yeah right cars and synthetic. CDO’s they’re almost the same — they both contain the letter ‘C’.
I don’t know what the hell you’re talking about -but your already chewed Joe and Jane tiresome metaphor says it all. Cheers!
So sorry for the worn out. Right after you posted some Senator brought up the car sales line.
ha love it
Blankfein is Brooklyn tough….really good TVEE.
Fly don’t think I didn’t read those nasty comments about ClaireMac and Midwest. Fucker
Come on break it down for a country boy!!!
Over Under on Blankfein…….he’s Gonzo
Goldmati think because it is “Capitlsm” it is good. Pimp putting girls on stroll: bad for girls and immoral. Pusher selling heroin : good for him, immoral. Vanderbilt buying up shipping competition: good for him; immoral. In the 1920s(?) Ford and Goodyear buying up mass transit in 7 cities and destroying it to make way for car sales: good for them , immoral. Japan underpricing TVs and Camera to wipe out competition in usa, then once monopoly established regain price points: immoral.
Goldman making billions on CDOs: immoral. Do these jokers really think they live in the same world as the rest of us; that their actions don’t harm the social weal? 3-2 Blankfein walks- he has bought many of his inquisitors.
I’m glad i don’t care about what you think is immoral, since making money ASSEMBLING CDO PARTIES (which is all they did, they didn’t actually take a side) isn’t immoral.
In fact, neither are any of the actions of the charged parties. The only immoral action to be witnessed is the losing party renegging on their agreement and attempting to bring the other parties down through court.
Dumbass…
Don’t call me names, cockbite.;-
The point you seem to have missed is that merely making money through capitalism does not make it right. There is a separate MoRAL dimension we all live with. You forget this dimension at your peril. I’m sorry to have infected this blog with a discussion of what is good for the society. Utilitarianism is what we were founded upon. You have just sliced, diced and destroyed your middle class. Immoral Cockbite.
Uh, if I get called immoral again by someone who has absolutely no idea about what he’s talking, I’m out.
“Blah blah blah, moral imperative, blah blah blah, high ethnic standards, de dur, society and an obligation to your fellow man…”
I like how every time I’m immoral, your lot are trying to lynch some political rival or seize control of more of the private sector.
And you are the charicature of an epoch gone mad, Mr Thaleer/Dollar. Kiss Kudlow’s ass too I’ll wager since you are into gross generalizations.
GS knew the bonds were shit, they did not hire a third party – they did it themselves-Mistake!
it was a plot not a trade –
that said I am sure there are clients of GS that go to them because they go that low
Blankfein can’t put on the sacrificial lamb hat while showing his fangs .
Why should they care? Initially, they didn’t make any compensation based on the outcome of the bonds. They made a flat rate for bringing the groups together.
Some plot, where you have no advantage whatsoever and everyone is only involved because they want to be…
same ole same ole …. just trading their own account. When subprime was in demand they acquired too much and when they couldn’t sell it fast enough they shorted their own book and their clients at the same time. No different than making a market in stocks but they didn’t want to get caught holding the bag like Citi.
real good tvee for sure.
I to am long some GS but not willing to risk anymore here. I think there is more downdraft – not because I agree there should be, but this political football is gonna get tossed around and I don’t need the agita right now. I’d rather own tech, energy, and housing. When the dust settles, I will pick judiciously. I like to buy on the dips but this one is too hard to call. Good luck with GS.
Meredith W. knows?……Banks still in the soup.
Europe is gonna get really ugly.
These hearings say nothing to how really cool the new IPAD is!
Geeze mr Fly..your’e shooting the wrong guys here…It was GS that gave up Fab’s emails not the other way around – as a matter of fact Coburn even asked Blankfein why – Congress did NOT release the emails – and Coburn was shocked they did it…
His own people did!
And Coburn said that if he were Fabbie he would view it as being served up as the fall guy.
Cheers!
the same GS lawyers that are gunna defend Fab are preparing to throw him under the bus … just another hedging program.
Some of you need blue blazers
How much was your bonus last year Le Fly?
Your doing pretty good aren’t ya?
Are you doing anything for the Community Banks?
The GS saga is a puppet show.
If I want the members of my household to give up more of their time to clean their rooms and sweep the floor, I suppose I could announce that regrettably, we must set the TV’s and computers to only be accessible during 7:30 PM to 9:00 PM for reasons of unclean bedrooms and unswept floors. A self imposed solution of peer pressure for getting things done correctly will be imminent so the restrictions can be relaxed again.
It’s a game of problem, reaction, and solution. The household saga could be dramatic and emotions could flare, but as the quiet and honorable puppet master, it will go the direction I choose.
LOL — “The quiet and honorable puppetmaster.”
I’m using that tonight.
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lol
“Welcome to the Murderhole”
this is hollywood stuff here…..
excellent.
For the record: i love mrkcbill’s sense of humor
Blankfein should just start showing up to these things driving a big yellow school bus because every time congress holds one of these charades, they just end up getting taken to school.
the peanut gallery cast is lazy lol
My prophecy turning out to be true. INEEDCOIN anyone?. You can not just be a buying machine there are times where you sit and wait. This is one!!.
To our politicians — So crooked when you die they’re gonna have to screw your ass into the ground.
I want to see all of levins emails
ask FBN to file a “freedom of Information” request …
That’s some Orwellian shit, no?
“Freedom of Information” screams police state.
Isn’t it supposed to protect us from a gov’t that keeps secrets?
Ironic that Fox uses it all the time to dig up dirt on their arch enemies, no?
Levin is a tool.
I would add “of George Soros,” but even that Eastern European socialist would likely disown Levin out of embarrassment.
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I’m from the… murder capital, I only murder for capital.
“… where we murder for capital.”
we do other things too…
Carl Levin is a pompous, arrogant punk.
I watched begrudgingly and kudos to the GS executives.
It is amazing how much self-control they exhibited. I know that I couldn’t behave civally, I would want to spit and fight once they continued to interrupt me and dis me.
Do these useless pieces of —- in Congress realize how stupid they sound to the American populace they swore to serve? McCain sounded like an idiot, he was lost and his questions about community banks was questionable with regards to his mental capacity.
I wonder if the populace who are asking for the heads of GS realize the consequences to their lives if GS ever was dismantled?
I am not a big fan of GS but I am less of a fan of politicians and society wrecking lawyers.
FWIW I hate fuckin’ lawyers, they are the dredge of the earth.
I smell fear in your comments. From an investment standpoint, it’s very bearish.
It sounds like congress is unknowing that maket makers can trade their own book!! Happens on all the exchanges.
Alas the tent will close when we can no longer afford to bail out “to big to fail”.
Levin is actually quite clever . he said to the le timmy geithner
“Thank you. You have managed to not answer any the questions to the best of your ability..”
I find both sides equally sad excuses for what passes for people these days-
i’d rather watch the brits elections – now that’s entertainment!
If the e-mails were sent on the company e-mail system they are company property and subject to disclosure. That has been established in law for quite sometime. That is why most major companies instruct their people to not put stupid statements in e-mails like “shitty deal.” Or, in the case of Fab, not to write love notes to his girlfriend on the company system. Once the government requests them they can be made public.
I already said all that about fourteen posts ago… scroll
BWLD left a stinking buffalo patty on the market floor, the janitor called in a “shitty mess”
After Hours: 41.00 -10.01 (-19.62%)
if it gaps below the Feb low I am all over it with double blue cheese dressing.. ( I’m one of the original Frank and Theresa’s fans)
It was down well over 20%. By morning there may be very little scat left around the shower drain.
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Goldman personalities are said to be brilliant, maybe they are. Under questioning they appear confused, ignorant, simple, pathetic as a Congressional dork. Comforting to see them on stage confirming that the smartest guys in the room are neither right nor believable. Just guys doing shitty deals for paper not worth enough to wrap their shit in little balls.
Don’t forget their chronic stuttering.
To be fair, there weren’t exactly any real questions posed to them today. Mostly long winded accusations in between re-election compaign slogans with poorly formed emphasis on the end to signify what might be construed as a question mark.
“How would you, who’ve been through so much hardship over the last years, like all those homeless orphans….CDOs, where you made your dirty Jew money….and another thing about Einstein bagels…I’ve cleaned up parks in my home state while you got paid…so, what are your thoughts on that question I clearly just asked.
Oops, forgot the question mark.
?”
No matter,we’re taking our ball and going home…We hear momma yellin’ supper’s ready…See how the ol’ portfolio starts lookin when the bots are on hibernate.
Put the Gold in me sack, fecker!
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Went long FXP today at open. Going with Chanos — China is in a bubble.
WTF were you guys watching? You preconceptions and prejudices have completely blinded you to what was said at the hearings – to who knew what they were doing, and to who sucked.
Mrs Buttons is the only one here with a clue..
…prejudicially speaking.
Spoken like a the kid looking in from the outside, all full of sour sour grapes, and zero concept.
No need to be jealous, it’s really not all it’s cracked up to be.
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Your humorless bad karma should be fully restricted to your tab. Fly’s blog has been greatly improved since he kicked your Palinesque political screeching off.
I don’t think those emails are very out of the ordinary. I think most here have written worse IN PUBLIC ON BOARDS. The only thing I find surprising is how people can pretend that they find them surprising. Even more surprising is expecting that I’m not suppose to think that those who find them surprising are idiots.
Why not get the guys up there who took the other side of Goldman and ask them how come they were so stupid. I’d like to see their emails, they might actually be interesting.
You mean the e-mails that say “LOL, we are taking this fecker Paulson to the fecking cleaners!”
Those e-mails?
Sorry, not “thematically correuct (sic)”
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This is simply a distraction for the ignorant masses while the last few coins are picked from their pockets.
GS & our politicians are on the same side, taking turns being the shill, while they loot(ed) the country.
We are witnessing the end of the US. Our former wealth has left the building & headed east, but it will be many years before most realize that & few will ever make the connection.
But there’s still plenty of money to be made on the way down.
That’s sort of where my puppet show comment was coming from. Except the GS show is called ‘scorched earth’.
Anyone think AIG is a good buy after its big drop yesterday?
I emailed my PA lawmaker earlier to have him pull all the emails from the teenage cashier at Wawa that sold me shitty Honey BBQ chips. APPARENTLY, she had eaten some before, said “Ewww these are so not betty,” then proceeded to buy two lemonades to offset mounting horrible tastes. And she sold me the same brand. The fucking GALL!!
I am LIVID. He’s currently preparing questions on what she does with the money when someone approaches her at the register. Where does the money go? Why does she have so much power over the money?
Little did you know that I PUT those chips on the rack, and watched you buy them while I made bets with other customers on how much you would hate them. But as an experienced bagged-chip buyer, you should have done your own due diligence before grabbing just any bag off the rack that the dorky guy in the suit standing next to the rack told you was AAA delicious.
These hearings mean nothing. It’s like having Hitler, Stalin, and Mao argue about who’s the nicest guy.
Democrats and Republicans have a incestuous,symbiotic relationship with the banking/investment industry. They are not going to cut off the cash flow. It would be like asking them to cut off a testicle.
THE END OF THE WORLD IS COMING. GREG “Fucking” Solomon is pumping penny stocks. WTF!!
http://www.youtube.com/watch?v=258Y-YZDsKY&playnext_from=TL&videos=ygc9fqxmYDY&feature=sub
Got to love “The Shark” straw hat though …. it says something.
I initially thought Greg Solomon was a pompous jackass. And now he has comported himself in a manner that proves it.
He obviously knows nothing about investing – dork.
BTW: Fuck you GREG SOLOMON for destroying yourself.
Good Day.
funny thing, my son (engineer @ a utility) came home last week telling me how everyone he works with was getting on the bandwagon with GOIG and telling him he should check it out …. he wasn’t intrigued by their platform which seemed “sketchy” and now it’s sounding like a ponzi scheme, haha.
A few more of these and the top will be in for sure ……
Shaddap, laddies and bring the gold, as I’ll bring me sack!”
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Goldman Sachs can suck my canuck . U.S. congress is a house of nimrods. Fly is GS fanboy. Get a grip.