Goldman Sachs did not get the memo!

GS is trading in red even when Buffet bulls zombie BAC.


Weak dollar props financial markets

Surprising gold was also weak. Felt like a short term reallocation of money from a long time winner, gold, to long time suffering stocks. Tape on BAC, GS, MS in the financials remained pathetic all day. Bear market rallies are strong. Looking to re-short QQQ @ 20 EMA and to reload on GLD around 173, if it reaches there.


Financials big daddies struggling

GS down -1%
BAC down -3.5%

Difficult for markets to keep levitating with these big financial stocks struggling.