Despite Friday's Buying Spree, Goldman Sees Client Sentiment As "Guarded...", Warns "Tails Are Getting Fatter"

After a tempestuous week of downs (and ups) in the biggest momentum winners of the last 12 months, Goldman Sachs head of hedge fund coverage, Tony Pasquariello, characterizes client sentiment as guarded. 

Three times in the last six days, Nasdaq has tested (and recovered) its 50-day moving average - a technical level that has show strong support before...