Goldman Now Recommending Shorting the S&P

June 21, 2012 11:07 AM EDT
Traders are talking about Goldman Sachs' new call to go short the S&P after this morning's weak Philly Fed print.

Strategists at Goldman are recommending a short position in the S&P 500 index with a target of 1285,or roughly 5% below current levels. They place a stop on a close above 1390.

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