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People probably want to sell any position they have at the end of the day to avoid being caught overnight with paper that will lose 5-10-20-40% the next morning as a new nationalisation/bankruptcy/downgrade is announced in the early hours of the morning...

As the Dow was in positive territory, they just sold to be on the safe side.

Hey, it's consistent with data, and sounds smart. Can I play a pundit on TV?

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed Oct 8th, 2008 at 06:08:37 PM EST
[ Parent ]
There are a couple of meanings for 'pundit'. I prefer this one: the clandestine surveyor.

You can't be me, I'm taken
by Sven Triloqvist on Wed Oct 8th, 2008 at 06:19:20 PM EST
[ Parent ]
Not if we have to wait for you in makeup before you post.
Thanks, makes "sense."

"Life shrinks or expands in proportion to one's courage." - Anaïs Nin
by Crazy Horse on Wed Oct 8th, 2008 at 06:37:57 PM EST
[ Parent ]
haha, seconds before you made that comment i had suggested you should do the pundit boogie on your diary.

last night i hit recent comments and the two comments were consecutive...

telepathy works!

~"When an inner situation is not made conscious, it appears outside as fate." Karl Jung~

by melo (melometa4(at)gmail.com) on Thu Oct 9th, 2008 at 04:29:29 AM EST
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