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(CNBC)   Investors probably ought to bail before the Federal bus drives over the "fiscal cliff"   (cnbc.com) divider line 28
    More: PSA, debt limit, investors, trading day, David Kostin, Goldman Sachs  
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1859 clicks; posted to Business » on 21 Aug 2012 at 5:51 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



28 Comments   (+0 »)
   
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2012-08-21 03:06:46 PM  
In other news Kostin is shorting most of the S&P 500
 
2012-08-21 04:00:41 PM  
I've already been warned by my financial advisor to switch over to more secure investments than stocks before the November elections.

But seriously, would sore losers let their country sink into financial dispair? Oh, that's right, we're talking about Republicans.

Then again, who can really predict the future? Economic what-ifs make as much sense as reading tarot cards.

www.tarot-card.net

/Oopsies.
 
2012-08-21 04:17:25 PM  
Who would honestly listen to Goldman Sachs for investment advice?
 
2012-08-21 04:17:29 PM  
"Please do what I say so I can make money".
 
2012-08-21 05:55:49 PM  
The thing is, I read every investment bank and fund manger statement as an attempt to use the media to shift the market in there favor. So what's Goldman's angle here?

When they said gold would be over $2000 by 2012, I could see that one. What's the plan here?
 
2012-08-21 06:03:38 PM  
I plan to sell off all my non-dividend paying stuff soon and will hedge by buying puts for positions I retain
 
2012-08-21 06:17:07 PM  

AirForceVet: Oh, that's right, we're talking about Republicans.


This is the Business Tab. So Fark off. I'm tired as shiat of idiots on both sides radical positions. Both groups have painted themselves into absolute positions.

Regardless, take your partisan crap to the politics tab. I don't want to hear how this is all George Bush's fault, or that Obama is the Anti Christ. Keep that crap in the politics tab with all the other idiots who are foaming at the mouth.
 
2012-08-21 06:19:22 PM  
The strategy now is to move all your money into muni bonds, especially California's. Warren Buffet doesn't know what he's talking about.
 
2012-08-21 06:29:12 PM  
So, we can take it from TFA that Goldman has shorted the entire NYSE.

Can we have another Atkin-countdown thread when they can't cover?
 
2012-08-21 06:45:10 PM  

StoneColdAtheist: So, we can take it from TFA that Goldman has shorted the entire NYSE.


More likely Goldman Sach's investment in areas outside the stock exchange are tanking, and they're hoping people fleeing the exchange will buy what they have.

Given Goldman Sach track record, I wouldn't assume they're trying a new profit scheme, but rather trying to fix their own farkup.
 
2012-08-21 06:50:24 PM  

StoneColdAtheist: So, we can take it from TFA that Goldman has shorted the entire NYSE.

Can we have another Atkin-countdown thread when they can't cover?


S&P shorted the whole Canadian stock market before cutting their credit rating. Of course that was just coincidence. It was also coincidence when they went long just before raising Canada's rating again.

GS can't do everything like S&P but they can do a pump and dump.
 
2012-08-21 06:56:29 PM  

AirForceVet: I've already been warned by my financial advisor to switch over to more secure investments than stocks before the November elections.

But seriously, would sore losers let their country sink into financial dispair? Oh, that's right, we're talking about Republicans.


Blaming the Republicans for the fiscal cliff is stupid. I would be extremely upset if Obama wins and I would support the Republicans plan to oppose all tax raises and prevent the raising of our debt ceiling. Obama will just use the tax money to tap phones of Republicans and arrest them for treason who put our country at hostage. He's abused more power than Bush by invading a country to kill Bin Laden. Obama needs to start compromising the day after he wins by reinstating DADT, end Obamacare, and announce a tax cut for those earning more than $250,000 a year.
 
2012-08-21 07:05:39 PM  

Rapmaster2000: The thing is, I read every investment bank and fund manger statement as an attempt to use the media to shift the market in there favor. So what's Goldman's angle here?

When they said gold would be over $2000 by 2012, I could see that one. What's the plan here?


My sense when they are talking equities, is that they are just trying to cause turbulance. The banks, the investment gurus, congressman, the fed, are all pushing in all directions until the whole market starts to resonate back and forth creating opportunities for all of them to get rich.

That's why I stay the crap away from equities and focus on commodities (something of which I am more familiar with by profession and also something that is much less politically driven (except gold)).
 
2012-08-21 07:21:24 PM  
Can we get some more tinfoil in this thread please? We're fresh out and we don't want goldman to read our brainwaves.

Jesus cripes, one of goldmans services is providing equity and economic research to investors. The reason this guy is predicting markets will go down because of fiscal uncertainty is because he believes it. If he's right more frequently than other touts, goldmans research will be more in demand and they'll be able to sell more of it, increasing profitability and his pay packet.

Oh wait, here's the tinfoil delivery guy, just a sec.

[fashions spiffy hat and puts it on head].

Ok, that's better. He's probably doing it in hopes of cratering the market before november, to help Romney win because he's a manchurian candidate controlled by Goldman Sachs, in affiliation with the Saucer People, under the supervision of the Reverse Vampires.
 
2012-08-21 07:30:21 PM  
Too late. We went off that cliff several decades ago. Now, the only thing left to do is hit the bottom.
 
2012-08-21 07:35:48 PM  
goldman's just playing an angle
 
2012-08-21 07:50:42 PM  
But 0bama is responsible for the bad economy! Why is TFA telling me it's the fault of Congress? Damn you librul CNBC
 
2012-08-21 07:54:18 PM  
This story gets published once a month. Apparently these "journalists" never heard an old tale about crying wolf.
 
2012-08-21 09:29:59 PM  

BolloxReader: StoneColdAtheist: So, we can take it from TFA that Goldman has shorted the entire NYSE.

Can we have another Atkin-countdown thread when they can't cover?

S&P shorted the whole Canadian stock market before cutting their credit rating. Of course that was just coincidence. It was also coincidence when they went long just before raising Canada's rating again.

GS can't do everything like S&P but they can do a pump and dump.


Wut.
 
2012-08-21 09:37:19 PM  

Debeo Summa Credo: Can we get some more tinfoil in this thread please?


Dude, if you are not investing in aluminum right now, you are way behind the curve.
 
2012-08-21 10:05:57 PM  

Rapmaster2000: The thing is, I read every investment bank and fund manger statement as an attempt to use the media to shift the market in there favor. So what's Goldman's angle here?

When they said gold would be over $2000 by 2012, I could see that one. What's the plan here?


They get the transaction fees going out of the market and then back in when the "cliff" turns out to be a curb.
 
2012-08-21 10:11:31 PM  

Because People in power are Stupid: In other news Kostin is shorting most of the S&P 500


For what it's worth, this probably is what he's doing. After all, would you give advice that is directly opposite of your actions? Would you recommend buying a particular stock when you're actually getting out of your position? His actions *should* line up with his advice. Thus, if he thinks the market will tank, he *should* be shorting it. He'd be a bad adviser if he's setting up a bunch of long positions / buying up a bunch of stocks while he's telling everyone that he thinks the market is going to take a significant dip soon. In the end, I'd prefer that those that I look to for guidance back up their words with action.

/ I don't look to GS for guidance, but the point stands
// If there's anything I've learned in the past 5 years of managing my own stock fund, it's that this there's a farkload of luck involved if you hope to beat the market (that is, gain more than the broader market gains or lose less than the market loses). Sure, some folks get lucky (as with any probability-driven event) and score big, but I'm becoming increasingly convinced that this is more from luck than skill.
/// I have a feeling that the next 30 years in the stock market won't see nearly the sizable gains seen in the past 30 years. No wonder why younger folks are reluctant to put money in equities...
 
2012-08-21 10:16:33 PM  
Ooops, I should say I'm referring to capital gains, at least, when talking about needing to get lucky. I'm trying to beat out guys that (a) can literally move the market by their own words and (b) spend their entire lives analyzing stocks, becoming experts in their field, etc.. I was naive to think I could beat them. That's not to say that some folks don't blow it big (see also: Lehman Bros. and Bear Stearns), but there are a lot of very smart people who work 18 hours a day analyzing companies and stocks that have an infinitely greater chance of success compared to the few hours a week I can devote to stock picking.

/ In the end, I've learned to love high-dividend stocks, even if the gains may not be nearly what you can get if you nail the "buy low / sell high" capital gains game
 
2012-08-22 12:26:46 AM  
If anyone knows about driving things off a fiscal cliff....
 
2012-08-22 03:34:19 AM  
If you RTFA he's worried that the market will drop due to the same political shenanigans that caused the market to drop when the Tea Party Republicans were refusing to extend the debt ceiling. I don't doubt that if Congress doesn't get it's act together it will cause some volatility but so far this has been a pretty good bull. I wouldn't throw caution to the wind or anything but I see no reason to capitulate because one guy at GS says to.

Doing a little research I found where Joe Granville had issued one of his infamous GET THE FARK OUT NOW! announcements in January of this year. Haha sucks to subscribe to his newsletter.
 
2012-08-22 06:19:44 AM  

BigBooper: AirForceVet: Oh, that's right, we're talking about Republicans.

This is the Business Tab. So Fark off. I'm tired as shiat of idiots on both sides radical positions. Both groups have painted themselves into absolute positions.

Regardless, take your partisan crap to the politics tab. I don't want to hear how this is all George Bush's fault, or that Obama is the Anti Christ. Keep that crap in the politics tab with all the other idiots who are foaming at the mouth.


Except that the GOP's stated goal is to "starve the beast" and cause defaults and collapse of institutions and programs their own electoral dupes support them for. The number of people on Medicare and social security yet vote for the GOP to dismantle them is mind-boggling.
 
2012-08-22 07:46:43 AM  

Debeo Summa Credo: Jesus cripes, one of goldmans services is providing equity and economic research to investors. The reason this guy is predicting markets will go down because of fiscal uncertainty is because he believes it.


Yeah, I can't imagine why someone would go to Wall Street and game the system to make money when the only reason anyone EVER goes to Wall Street is to game the system to make money. I mean, it's not like anyone in the investment world ever lies.

/ If you're good at something you never do it for free
 
2012-08-22 10:19:04 AM  

Funk Brothers: AirForceVet: I've already been warned by my financial advisor to switch over to more secure investments than stocks before the November elections.

But seriously, would sore losers let their country sink into financial dispair? Oh, that's right, we're talking about Republicans.

Blaming the Republicans for the fiscal cliff is stupid. I would be extremely upset if Obama wins and I would support the Republicans plan to oppose all tax raises and prevent the raising of our debt ceiling. Obama will just use the tax money to tap phones of Republicans and arrest them for treason who put our country at hostage. He's abused more power than Bush by invading a country to kill Bin Laden. Obama needs to start compromising the day after he wins by reinstating DADT, end Obamacare, and announce a tax cut for those earning more than $250,000 a year.


CHEMTRAILS!


/seriously, No Derp in the Business Tab
//that goes for you too, Democrat dead-enders
 
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