Tuesday, December 20, 2011

Retail Fooled Again As Goldman Cash Desk Sees Better Long-Only Selling All Day

Once again, the momo and retail "traders" gets ripped off by the whales who take advantage of vacuum tube inspired momentum and retail bag holders praying for a few days that will make their year. From Goldman EOD market commentary: "Up, up, and away for stocks today. Europe gets the party going, and the music keeps playing for the US. The flow on our cash desk actually skewed to better selling – decent long-only selling (consumer staples and information technology) vs. small hedge fund

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