And Goldman gets destroyed on their top trade for 2015 less than 2 weeks into the year!!!!!!
Read their pathetic excuses for the loss.
Turns out it wasn’t just Goldman’s muppet clients who were slaughtered by one of Goldman’s “Top Trades” for 2015, when the reco to short the CHKSEK plunged 16.5% and the trade was stopped out. It was Goldman itself. From the Goldman Sachs Asset Management disclosure on the impact of the SNB floor removal:
What changed? In recent months, SNB reserves have started to pick up (an increase of CHF400bn from Jan 10 to today), while the European Central Bank (ECB) is closer to introducing a sovereign Quantitative Easing (QE) program. Maintaining the exchange rate floor in a Eurozone QE scenario would likely have required substantial interventions by the SNB.
So in case there still was confusion, Goldman has blessed its former employee to turn on the printing presses in Europe. That much is clear.
However, this is more important:
In our portfolios with currencies, we have been short the CHF on the grounds that it was an expensive currency which we expected would experience capital outflows as European growth normalized. We were surprised by the sudden removal of the peg. Although the CHF real effective exchange rate is lower than during the European crisis of 2011, it has actually appreciated in recent months. We exited a substantial portion of our CHF short today and are monitoring the situation closely.
And yet, this makes little sense considering Goldman, in its earnings call explaining why it just had the worst FICC quarter since Lehman, also said this:
GOLDMAN CFO SAYS MOVE IN SWISS FRANC WAS `IMMATERIAL’ TO FIRM
SOOOO, WHO IS LYING??? GOLDMAN OR GOLDMAN....
Look at the hedgies continue to blow up over the weekend!! FANTASTIC!!!!!!!
the ratio has pulled back to 13.68
that was a close call IMHO
all that can save the mkt now is to HOLD the Oct lo's this month.
Breaking those lo's in Feb is negative but not as imp as the Jan barometer
It's taken out the 2014 hi & is closing in (50%)on the 2013 Hi @ 54%
this move has scored a 1st in many years: it broke the downtrend from 9/2012 @ 72%
please sir 3Thumbs_Down
Here's an opinion for you.....lex_luther4 is one of the most respected and successful posters EVER on these boards. We are ONLY here to make money and NOTHING else. This is not a popularity contest, but, let's face it, your jealousy of Lex would make it impossible for you to be amiable anyway. After all, being liked on Yahoo doesn't pay the bills now, does it? Lex wins 90% of the time and is willing to share his positions in advance with everyone allowing others the opportunity to share in his success. For personal reasons you have chosen to take the other side of his bets for the past 3 years and we all know which one of the two of you has anything to boast about.....Sorry fraud, it looks good on you!! Actually lex_fraud, you are so sad and pathetic and idolize Lex in such a sick way that you can't even think up a respectable alias, hence your "lex" copycat.
RIP lex_fraud and your 50 aliases. You are a fool and a moron that has to hide behind 50 aliases on an anonymous chatboard to mask your multitude of failures. Have a nice long weekend LOSER!!!!! It will be the first time since the Thanksgiving long weekend you've been able to go 3 days without a losing trade. BRAVO!!!!!!!!!!!
read my cousin's post. I'm worried.
really really really bored?
lex_luther4 • 3 hours ago Flag
oh like you follow the COT report, lol lol that REALLY worked out for you last 4 years! BWAAAAAAAhahahaha you got hosed by not taking ugaz profits off the table on your 1st win in 4 years. Of course i truly believe you sold ugaz that day it went to 3.35 to get into nugt that had gone up almost 100% in 2 days (sorry you missed it while you were into ugaz) youj promptly bought nugt not wanting to mis the rally only to get your head handed to you with a 2 day drop $18 to 13.50. Oh well like you always say, "you lose some and then you really lose some" keep eating #$%$ sweetie and try to have a nice weekend. Less
oh like you follow the COT report, lol lol that REALLY worked out for you last 4 years! BWAAAAAAAhahahaha you got hosed by not taking ugaz profits off the table on your 1st win in 4 years. Of course i truly believe you sold ugaz that day it went to 3.35 to get into nugt that had gone up almost 100% in 2 days (sorry you missed it while you were into ugaz) youj promptly bought nugt not wanting to mis the rally only to get your head handed to you with a 2 day drop $18 to 13.50. Oh well like you always say, "you lose some and then you really lose some" keep eating #$%$ sweetie and try to have a nice weekend.
Cry Shorter CRY! You get nothing but the hope for the worst for you! Pushing BS you get what you DESERVE!
Sentiment: Strong Buy
Making money, YES!! I did it all the way from $50 DOWN to $17. Too bad you took the wrong side of the bet!!!
Definitely new money and more than that its smart money who does the buying. When GDX outperform GDXJ you can bet it's the smart money who's gettin involved