Another Goldman Sachs PigMan Shakeout

[AllentownJake]

Mark the last 3 days down. Yet another classic. Goldman lowballs the GDP and panicked deflationists sell anything and everything "risk" related and pile into dollars and Treasuries. Then the "inflated" GDP is released, and suddenly risk assets of every race, gender, stripe, color, and ethnic origin are once again embraced.

Just picture the GS Prop Traders like wild boars on the NYSE trading floor running over everybody, thrashing about, deliberately creating chaos, devouring its biggest clients.

Its all part of the "Wash, Rinse, Repeat" cycle of ever decreasing interest rates used to finance our ongoing deficits during heavy weeks on the auction cycle. Then when new bonds are floated off without a hitch, its back to chasing stocks, junk bonds, commodities, crack-addled hookers, and booze.

http://www.zerohedge.com/article/another-goldman-sachs-pigmen-shakeout

[Warpy]

1. The looting economy is in its endgame

and will continue to rely on ever smaller speculative bubbles to bleed money off the middle class.

Until they are stopped.

I don't see that happening with this Congress.

[AllentownJake]

2. Yesterday was a shell game

The GDP data came out a day before the bad numbers from September. They released the bad report on a Friday.

[Warpy]

3. It's all a shell game at this point

What gets me about the 10,000 Dow is that it's only worth 6,000-7,000 when you look at things like inflation over the last 30 years and historical P/E ratios.

I don't know why suckers rush in when there's a smidgen of good news and rush back out when there's a smidgen of bad news.

In other words, my net worth number with a 10,000 Dow was pretty to look at, but I didn't believe it, certainly not enough to invest in inflated stocks on the basis of one decent government report.

[AllentownJake]

4. Did you see the celebrating on here yesterday?

Seriously, people are that stupid. I got bashed by quite a few for suggesting them to read a 3 page report that the number was based on and extrapolate what the report actually means.

[mullard12ax7]

5. Reality hurts their brains as it smacks their propagandized delusions in the face

As you probably know, it's called "cognitive dissonance". It was talked about a lot during the Chimp years but now has fallen out of fashion as it's obvious how many people are seriously deluded regardless of party affiliation.

[AllentownJake]

6. The report didn't make sense

till you saw the September report, which was required to complete the quarter report but released a day later.

[Warpy]

7. I've given up being a wet blanket on the jubilant threads

I'll save it for relatively sanguine to sour threads like this one.

Some people love the roller coaster.