(Reuters) – The S&P 500 index fell more than 2 percent late on Thursday as data raised worries about global growth and a bearish note on the markets from Goldman Sachs added to the weak tone.
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chessNwine commentary: Consider this an open forum. Do you think Goldman is trying to trap retail traders? Chime in below.
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Amazing that anyone still listens…
Isn’t this the same goldman sucks that said earlier this week to expect QE3 from the Fed on Wednesday?
I don’t think Goldman has done anything but talk their book for the past 20 years. And give the world such beauties as Jim Cramer and Jon Corzine.
That said, I can’t recall ever hearing of a recommendation to go short to catch a 5% decline. I think we may someday look back on today as The Moment Goldman Jumped The Shark.