(OT) Hi Bob! >> actually, i think the market is looking forward a little bit today. <<
What does "looking forward" mean?
I just checked my index portfolio, and all i can see is red.
quote.yahoo.com
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Mostly, i see end-of-quarter-window-dressing talk
-- and just a tad of concern about the war:
biz.yahoo.com
Wednesday March 31, 3:22 pm Eastern Time
US stocks lower late afternoon, turnaround seen
NEW YORK, March 31 (Reuters) - Stocks edged lower in late afternoon Wednesday, though traders said they expected some extra volatility near the close as portfolio managers add top-performing names to their books before the quarter ends.
The Dow Jones Industrial Average, which had been hovering near unchanged levels for most of the afternoon, was off 56 points at 9857.
The technology-laden Nasdaq Composite Index was off six points at 2474.
''We might get a push near the close, since managers will try to make their portfolios look good for the quarter,'' said Ken Ducey, head of trading at BT Brokerage. ''With the Dow at 10,0000 this month, people don't want to show a lot of cash on their books.''
A flurry of blue-chip stock buying is typical just before a quarter ends, as managers put excess cash to work in a process known as window-dressing.
But traders said concerns about the NATO air strikes in Kosovo, as well as the upcoming earnings period, were weighing on the market...
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(Interesting that if Coke had gotten it's news out one day later, the DOW would likely not have made its historic close over 10,000.)
Cheryl |
