That's a really good question. At the end of the (theoretically perfect) day, if there are equal numbers of buyers and sellers, the price is flat.
When Greenspan spun last week, he actually said some amazingly positive (bullish) things. We had a serious media reaction (reaction, as in "allergic").
Having missed the hidden meanings of the Greenspeak-Off-The-Cuff-Exuberance remark, there wasn't a journalist covering Humphrey-Hawkins not looking for a bomb.
So, even though Greenspan was just gushing about how beautiful this virtuous cycle of an economy is (best in 50 years, yes sir), we got bombarded with, and I paraphrase, "RUN! IT'S GONNA CRASH!"
He didn't say that. He said that there will eventually be a correction.
Notice that after DELL's last report (of blowout numbers), DELL went down. LU, like DELL, has some pretty high expectations built into earnings day.
Now, with all that reasoned stuff, you'd think I'd have answered your question by now.
The answer to "who's selling?" is, I'm afraid, "I don't know."
Regards |
