Quote:
Originally Posted by Billnewman
panic over old news. Goldman sac holdings. Once investors realize the default is the same debt argentina refused to pay 13 years ago investors will be caling they brokers and say remember all that stuff i had you sell yesterday? could you buy that back please?
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I'm not sure the kind of investor who would sell based on a well telegraphed event like Argentina is even in this market.
I'd say the sell off was more related to the strong GDP numbers and fear that the Fed may raise rates sooner rather than later. But there is probably more than just one reason. A decent sell off would be healthy. It's been way too long.
Maybe that's the meta reason.