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Re: Market on it's heels! Obama to speak at 1:00

By: lkorrow in CONSTITUTION | Recommend this post (0)
Tue, 09 Aug 11 2:39 AM | 37 view(s)
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Msg. 14301 of 21975
(This msg. is a reply to 14300 by DueDillinger)

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Yes, they have fewer options. Hmmm, wonder how the bond market did. . . .




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Re: Market on it's heels! Obama to speak at 1:00
By: DueDillinger
in CONSTITUTION
Tue, 09 Aug 11 1:01 AM
Msg. 14300 of 21975

Individual investors have been largely out of the market for a long time now, Linda. The bulk of the volume is the hedge funds and mutual funds; the former using programmed, high-frequency trading automatons.

They pushed the sell button today, and the programs reloaded some right after I noted the volume spike and nailed the reversal around 3PM. Also, margin calls likely caused the high-volume selloff at the end of the day.

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