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  • "Euphoria Is Increasing": Goldman Doubles Down On Market Meltup Call, Sees $90BN In New Stock Buying This Week

    From zerohedge.com

    Last weekend we published a note by Goldman flow trader, Scott Rubner, who explained why despite a huge wall of worry which included such worries as a stagflation, China property bust, China slowing, Covid, tapering, corporate margin fears, snarled supply chains, energy, rate hikes, global growth slowing, higher rates, etc, stocks would melt up for a handful of simple reasons including a flood of buybacks and equity fund inflows, collectively amounting to roughly $8 billion per trading day, muted buyside sentiment, gamma flipping positive, a buying thrust from Vol Control funds and favorable seasonals. In retrospect, ... (full story)

Something everyone needs to remember when Goldman says stuff like this is that they will already be positioned. They are looking for more people to position similarly AFTER them so to push prices higher. (perhaps to sell into?) It doesn't make this information wrong by any means, but consider who is saying it and what their motives might be.

Also consider who their intended audience might be. (hint not the 1 lot retail trader).
Anybody giving their opinions on the markets are participants. Worth a remember. As hard as it is I try to factor all of this out as noise. Unfortunately one tend to pay attention to the stories that support your own view and not pay attention to the opposing views.
Yep, boils down to this - "buy high so we could sell even higher"
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  • Posted: Oct 24, 2021 8:35pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 3  /  Views: 1,937