Goldman Sachs: Fried Calamari

[edit2] Added back again in pre-market on 10.18 as interest rate balancing play. Day to day in this market.

[edit] I forgot to mention that I’d held it pending interest rates, sold it on yesterday’s pop and then felt a little remorseful when it popped this morning. Not so sad anymore.

The squid has been cleaned, sliced and fried into a nice Calamari this morning after it beat earnings expectations and gapped up. I noticed something similar going on in the gold miners last week. What does this mean for the stock market? Something? Nothing? If more earnings reports are met with heaviness in the tape it could be a sign of fatigue in the markets.


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