This has got to be a late April fool's day joke!!! Goldman blames mom-and-pop investors for volatility in stocks By Ryan Vlastelica Published: May 8, 2018 5:14 pm ET The U.S. stock market has seen volatility rear up in 2018, with major indexes experiencing wild swings on a nearly daily basis. There have been a number of causes often cited for the recent bout of turbulence, including concerns over inflation, geopolitical uncertainty, and the first-quarter earnings season, but one of Wall Street’s most prominent investment banks fingers one key culprit: Main Street. Citing both their outsize ownership of stocks and a surge in recent trading activity, Goldman attributed the recent whipsawing trading in the equity market to average investors, writing that retail investors—as opposed to institutional ones—“appear to have driven much of the U.S. equity market turbulence in late March and April.”
Pushing up above that TL, fakeout or ..? Took some shorts off just in case, still slightly net short.
I saw an article like this about 8 times already...everytime since February the market has dipped and rallied they said the same thing, the markets are ready to jump to new highs and every single time they didn't......will add more short ETFs into Friday....
Think today might be key. After Thursday's reversal and ripping higher Friday past two days have consolidated. I would expect it to move much higher today or else ........down big time again taking out Thursday's low - at minimum.
Everyone is saying the chart formation in the dailies is bearish. I see it different. Guess will see who is right at some point, either way we need a catalyst .