SO MANY TIMES,GOOD NEWS,STOCKMARKET ALSO GO DOWN.WHAT THE FUCK HAS IT GOTTA DO WITH "SUPER" MARIO DRAGHI????????
IS IT PURELY COINCIDENTAL THAT FOUR ALTERNATE WEEKS,THURSDAY WILL START THE REBOUND UP AND THURSDAY AND/OR FRIDAY WILL SURGE UP?????
WEEK STARTING
A)JUNE11TH 2012
B)JUNE 25TH 2012
C)JULY 9TH 2012
D)JULY 23RD 2012
DONT BELIEVE YOU GO AND CHECK CHARTS YOURSELF
DONT BLAME NEWS IF YOU LOSE MONEY BY TRADING IN THE WRONG DIRECTION!BLAME YOURSELVES.ONLY WHEN YOU SELF REFLECT,THEN YOU CAN IMPROVE
FUCK YOU NAIVE ADULTS
FUCK GOLDMAN SACHS "SHORT" RECOMMENDATION OF SP500 IN JUNE 2012
By Steven Russolillo
Goldman Sachs is recommending clients to build short positions in the S&P 500, due to the weakening domestic economy.
This morning's dismal Philly Fed report added to Goldman's conviction in turning bearish on the S&P 500 in the short term. In a short trade update released this morning, Goldman said it has a downside target of 1285, nearly 5% below current levels.
Investors who want to short shares borrow stock and then sell it, betting that the price of the shares will fall and that they can buy them back at a lower price for a profit.
UPDATE: The selloff is gaining steam in early-afternoon trading. The S&P 500 is down 1.4% at 1337, led lower by energy, material and tech stocks.
Here's the note from Goldman:
We are recommending a short position in the S&P 500 index with a target of 1285 (roughly 5% below current levels) and a stop on a close above 1390. This morning, the Philly Fed print of -16.6, down sequentially and worse than expected, provides further evidence that weakness has extended into June.
Although yesterday's FOMC delivered easing as expected, with a dovish statement, positive risk sentiment ahead of the FOMC had already buoyed markets. And we now think, with incremental US monetary policy on hold, the market will need to confront a deteriorating growth picture near term.
The risk to our recommendation is that the data soon reverts to the 2-percent growth path our economists expect, that China growth turns, or that European policy-makers' rhetoric buoys risk sentiment further from here, with the upcoming end-of-June summit a focal point on this count.JUNE 21 2012 RECOMMEND SHORT,JULY 3RD BEING FORCED TO STOP OUT
BUT
BUT EVEN THE GOLDMAN STOP OUT LEVEL CHANGED FROM 1390 TO 1365!!!WHAT THE FUCK??
Goldman Sachs Takes Hit on June Short Call
Was Goldman Sachs too bearish for its own good?
The firm has been “stopped out” of its short position on the S&P 500, thanks to yesterday’s close above 1365. On June 21, Goldman Sachs recommended clients should build short positions in the index due to the weakening domestic economy.
The initial recommendation helped stoke global growth fears and led to a big sell-off, with major indexes falling more than 2% that day. But stocks have quickly recovered throughout the last few weeks, largely due to the results from last week’s EU summit as investors cheered perceived progress toward stemming Europe’s debt crisis.
Goldman initially recommended investors to limit losses by closing the trade if the S&P 500 closed above 1390. But “after an initial sharp move lower, we tightened the stop, and [yesterday's] rally pushed the index just above it,” Goldman said in a short trade update released yesterday after the closing bell.
Traders closing out a short position before today’s trading would have faced a loss of about 1.1%.
Despite the recent rise, Goldman is maintaining its bearish conviction. The firm points to weekly jobless claims that are trending higher as well as yesterday’s poor ISM manufacturing report. Goldman also expects the headline figure for the upcoming June jobs report will come in at 75,000, which is below consensus expectations of 95,000 jobs added.
“The data continue to surprise to the downside,” Goldman says. “Apart from a re-rating higher of European prospects, the market continues to look vulnerable to ongoing cyclical weakness.
“Our bias remains to the downside.”
We mentioned earlier this morning short interest in stocks listed on the New York Stock Exchange has hit the highest level since September. An increasing number of investors are taking bearish positions amid worries about the global economy.
But as has been the case in the past, the rise in short interest can precede a rally in stocks. Once the short trade gets overly crowded, it risks a short squeeze if the markets get a whiff of good news.
Stocks are trading slightly higher during this holiday-shortened trading session. The Dow is up 21 points, led higher by Alcoa, Caterpillar, Chevron and Wal-Mart. The S&P 500 is up 0.2% at 1368, with energy, material and industrial stocks pulling on the upside.
Here’s the full note from Goldman:
We have been stopped out of our short S&P 500 recommendation on today’s close of 1365.5, just above our 1365 stop, for a potential loss of 1.05%. After an initial sharp move lower, we tightened the stop, and today’s rally pushed the index just above it.For more MarketBeat and other streaming markets coverage from The Wall Street Journal, point your mobile browser to wsj.com/marketspulse
This trade recommendation, opened on June 21st following a weak Philly Fed survey print, was predicated on ongoing weakness in the June data set with the recognition that policy developments in Europe were a risk. Indeed, policy initiatives flowing from last week’s European summit exceeded expectations, sparking a sharp rally that began late last Thursday and extended into last Friday.
Yet, the data continue to surprise to the downside: weekly claims are trending higher, today’s ISM was down sequentially and well below expectations, and GLI growth and acceleration remain solidly negative. Looking ahead, our US economics team expects to see a 75K print for June payrolls on Friday, which is below consensus expectations of a 90K number. And so apart from a re-rating higher of European prospects, the market continues to look vulnerable to ongoing cyclical weakness and our bias remains to the downside.
THIS IS THE QUALITY OF 1ST CLASS HONOURS ANALYSTS??????????THIS IS THE QUALITY OF CREME DE LE CREME ANALYSTS??????
THIS IS THE RESULT WHEN YOU DON'T RESPECT THE FAMOUS USA 10+WEEKS UPTREND PATTERN BEING REPEATED 7TIMES FROM MARCH 2009.THIS IS THE 8TH TIME.
HOW CAN GOLDMAN RECOMMEND SHORT WHEN
1)JUNE 21 2012 WAS ONLY IN THE 3RD WEEK OF 8TH 10+WEEKS UPTREND
2)EVEN IF THE 8TH 10+WEEKS UPTREND DO NOT MATERIALISE, YOU CAN ONLY RECOMMEND SHORT ONLY WHEN
A)SP500 1ST WEEK UPTREND STARTING JUNE 4TH 1270S HAS BEEN OVERCOME,BROKEN DOWN
B)THERE IS A HUGE HUGE DOWN WEEKLY CANDLEBODY OF ABOUT 100POINTS IN THE SP500.
IF YOU ANYHOW SHORT WITHOUT WAITING FOR THE CONFIRMATION OF THE ALGORTIHM,YOU WILL BE LIKE GOLDMAN SACHS,ANYHOW BEING FORCED TO STOP OUT,LIKE MADMAN DOING TRADING.
INDIVIDUAL STOCKS HAVE NO CONFIRMED REPEATED ALGORITHM BUT SP500 HAS,AND YET ADULTS DO NOT KNOW???????????????????????????????????????
BEING STOPPED OUT OF INDIVIDUAL STOCKS DUE TO FINANCIAL IRREGULARITIES,PROFIT MISSED ESTIMATES IS NORMAL IN TRADING BUT BEING STOPPED OUT IN A REPEATED 8X PATTERN IS CALLED FUCK UP.SP500 IS A COMBINATION OF 500 STOCKS RESULTING IN A VERY VERY CLEAR PATTERN.
P.S. COULD ADULTS ALSO PLEASE WAKE UP?GOLDMAN SACHS WRONG CALL =THEY WANT TO DUMP TO YOU???WHY CAN'T IT BE SIMPLY GOLDMAN IS SIMPLY FUCKING LOUSY??YOU ADULTS MUST REMEMBER THIS NEWS ARTICLE TITLE:GOLDMAN SACHS WAS STOPPED OUT OF SHORT CALLS.THAT MEANS GOLDMAN SACHS LOST MONEY.
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Although, they may change their tactics next time.
Simply always go the opposite direction, and you can’t fail to make money. A heartfelt “thank you Goldman”.
We lost our financial ass a couple of years ago, but we never even missed a bonus. Thank you congress!