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Is Goldman Shorting Morgan Stanley?

The Goldman Sachs booth on the floor of the New York Stock Exchange
Getty Images
The Goldman Sachs booth on the floor of the New York Stock Exchange

Yesterday's stock market craziness spawned a lot of wild conspiracy theories.

Perhaps the most interesting was the rumor that Goldman Sachs was shorting shares of Morgan Stanley .

"Everyone thought Goldman was shorting Morgan Stanley, so people started buying Morgan to hurt Goldman," one hedge fund manager told me.

Got that?

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