Thursday, June 21, 2012

It's a Bear

The tell was that even a Goldman pump and dump play where they are covering their shorts after making a short S&P call couldn't lift this market at all.  This after yesterday's QE3 bullish call from Goldman.  You can't get any scummier than that.

A very weak market, and I fully expect us to go down to 1290 on this move, which will likely get bought for another oversold bounce.  Expecting 1290 by next week.

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