Wednesday, January 18, 2012
Goldman Confirms Smart Money Is Now Offloading To Retail; Sees 1.2880 As A EURUSD Short Covering Threshold
Earlier today we got our first clue that the smart money has stopped "distribution" and is now offloading to retail after we saw the first equity fund inflow, however tiny, in months, and only the second one out of 37 outflows since April, as reported by ICI. The second and far more important one comes from today's Goldman sales roundup, which confirmed that following today's latest borderline ridiculous meltup, retail investors looking for the sucker at the poker table, wouldn't be able
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