Despite a huge run-up in recent weeks, and despite ample hokus-pokus behind their "earnings" numbers, and despite numerous talking-heads daily calls of tops and impending pullbacks, and despite volumes that can only be called moderate, and despite outlooks that are still bearish....
...the financial sector stocks are continuing to rise. I smell a rat, or maybe a rat pack? A Goldman Sachs lead rat pack. Apparently GS has been trading much more for its own account (principal trading) of late, and maybe after hours in lighter trading volumes. Could this continued rally in financials be self-induced, or at least perpetuated by insiders? That wouldn't surprise me in the least.
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