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Overall: Week #4 of bullish capitulation and we seem to be accelerating. Goldman fraud, Greece yields exploding higher, Obama beating on banks with Volker rule. And S&P’s surge to new highs. Betcha guys spend this weekend saying “if we couldn’t get a sell-off this week, we may never get that dip to buy”. Die hard bears must be suicidal. Sentiment measures show retail i
Overall: Week #3 of the bullish capitulation got sucker-punched Friday afternoon by Goldman investigation tape-bomb. That and Iceland volcano provides bears two new triggers (out of left field) to sell market. Fri brought a round of salesman/strategist missives calling for 7-10% equity correction – guys still seem eager to call a top. Goldman news and Obama’s growing push for Bank Ref