CNBC -- critique. Message Board

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Pastimes : CNBC -- critique.

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To: SliderOnTheBlack who wrote (11097)	7/16/2002 3:17:20 PM
From: Saulamanca	Read Replies (1) of 17683

Anything is possible but there might be another explanation to yesterday`s rise. big trade yesterday in the SP pit traders-talk.com From Dan Fitzpatrick Yesterday 7/16/02 01:25 PM ET Had an interesting chat with Fari Hamzei of Hamzeianalytics.com. Fari said that that yesterday's sharp reversal was not short covering, nor was it related to the Fed (so much for conspiracy theorists). Instead, a large mutual fund and a pension fund committed new money at these levels. The brokers were big bulge-bracket investment banks, and the trade was close to 10,000 SPU contracts. That was what caused the sharp "superball" bounce. Just so you know. thestreet.com

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