A comment I agree with…in reply to Tyler’s great post:
<quote>
”So GS paints the tape ahead of its capital raise, quants move to the sidelines without leverage, vanilla cash comes oops-ing out of money markets, the banks leak record earnings, and the market trends to break all VWAP dislocation records.”
Bingo!
GS called the top. Don’t forget to turn out the lights when the last retail investor leaves.
</quote>
go read zero hedge, smart guy…then check out Peter Schiff, and how he expects new lows “in nominal terms”, haha, who says that?
And, if you missed it, my pal and yours (just joking, barely know the guy) Hugh Hendry is taking profits…while Douggy Kass is thinking this is a sustainable rally, while Ratigan thinks the rally is for suckers.