Monday, March 8, 2010

A link

http://www.zerohedge.com/article/spy-volume-back-2010-lows-equity-mutual-funds-run-out-cash

This story above makes the absolute permabid nature of this market all the more confusing...

There is a ton of supply coming to market this week in the form of converts, TARP warrants, an $800 million dollar offering from Comerica Bank - etc etc etc

As far as today being a down day that prediction was sorta right sorta wrong - the DOW was down ever so slightly and the Russell 2k was up ever so slightly.

Sleep tight

JB

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