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To: Return to Sender who wrote (291)6/26/2006 12:50:09 PM
From: The Ox  Read Replies (2) | Respond to of 8239
 
I've been trading stocks that I believe are being sold off mostly due to end of quarter window dressing. TSM, TLAB, PHTN, MTSN, and the like are all well below where they started the 2nd quarter. I don't expect to hold these forever and I may get burned on one or 2 but I believe a lot of the selling has been overdone and it's getting compounded by the window dressing.

fwiw

Longer term I agree with those that say the FED has overshot or will continue to raise, even with plenty of data suggesting that we are already slowing down substantially. This will have a long term negative effect on stocks.