As I said on Monday morning:
Why I think we stall and retest:
-- dearth of news flow coming
-- post election malaise
-- end of mark-ups
-- dismal 4Q coming
-- energy prices rebounding
-- sudden willingness to buy exposes the lowest common denominators
-- all of the recent performance was a last hour phenomena, not indicative of healthy sustainable buying, but marking up, short-desks cleaning up margin by 3PM EST
Wednesday, November 5, 2008
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