Keep in Mind -- This One Thing -- Distribution.
It may take months for the big money to distribute their stocks to elsewhere. Elsewhere may be retirement funds, Sovereign wealth, School funds, and retail.
When things don't "make sense" --- Just focus back in on the obvious -- the big money controls the government and the media, and they are distributing their stocks.
GS insiders own about 10% of GS. GS went from 190 recently to 167, while other markets are finding tops. Hmmmm......
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Insightful and Useful Comment!