"We Saw Beta Chase, Degrossing, Short Squeezing And Longs Stopped In"

By Bobby Molavi, Goldman managing director and trader

Game on. That was what I wrote last week. was probably the wrong term in retrospect. Lift off now seems more appropriate. S&P up 6 days and 7 weeks in a row. Vol once again compressing and investors chasing the market in more ways than one.