Wednesday, March 26, 2008

End Of Quarter Window Dressing

The market is down slightly on the durable goods number. The market may hang in until Friday as I would think the hedgies want to show that they are long the right stuff,particularly financials as the month and quarter ends. I think we will have a decent correction soon, probably next week. I think housing and XHB is a short on the recent rally.


Stewie said...

i hope that's all it was, window dressing. this market seriously sucked the past two days. in my experience when the rallies are sloppy and choppy, it's a sign of corrective action and hence a reversion to the original trend is around the corner. I am ready for the tides to turn south but i am not sure about the timing of the move. sucky out there, hopes some real action comes around soon.

upsidetrader said...

i thought it would be upside window dressing as all these hedgies try and follow the mojo,especially financial mojo-housing is a short as i said pre market and the commodities have had there rally-oil could go a tad more though-gold gonna dive soon-you are right stew,very sloppy-i didn't even trade much today

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.