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  • Weekly Street Sentiment: Sell-Side Tells Buy-Side the Rally Is Over [View article]
    "Sell-side tells buy-side the rally is over"?

    That's naive hogwash from a recent past that no longer has any validity whatsoever.

    Obama tells Summers to tell JPM and GS program desks to gun the SPX's again, the rally is still on and let's keep this South-side hustle going, we have to convince the sheeple we're on the rebound and to spend spend spend.

    That's ALL you need to know. The government owns this market lock stock and barrel, the government has funneled many billions through its proxies at GS and JPM, who were the paid hit men who destroyed competition on the Street, and with it liquidity, transparency and price discovery.

    The Administration is calling ALL of the shots on Wall Street, is orchestrating all of the rally in these illiquid, dying markets, and to think otherwise is just plain naive.

    Please Mr. Obama, give us back our markets.
    Jun 30 09:57 am |Rating: +3 -2 |Link to Comment
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