From Bespoke Investment Group:
For much of 2009, Goldman Sachs (GS) has been one of the market's number one 'tells', so much so that it's become a rule among traders that as goes Goldman, so goes the market. If the stock was strong on a weak market day, you could almost bank on an afternoon rally. Likewise, if Goldman traded heavy on a strong day, taking profits ahead of a potential sell-off was a prudent move.
The fact that the two have been so connected makes the recent action in GS that much more puzzling.
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