Friday, March 30, 2012

First Quarter window Dressing Complete

Little explanation needed for the results below. Pure window dressing on a day-long melt up by the fundies, loading up on first quarter top performers and blue chips like Apple, Chipolte Mexican Grill, Bank of America, IBM and other garbage momentum stocks, just so they can say, "see, we own that!"

Amusing that the Naz was down for the day. Somebody must have taken massive profits on Apple.

Nice to see gold and silver making a move, though they are both well off recent highs.

Dow 13,212.04, +66.22 (0.50%)
NASDAQ 3,091.57, -3.79 (0.12%)
S&P 500 1,408.47, +5.19 (0.37%)
NYSE Composite 8,206.93, +40.56 (0.50%)
NASDAQ Volume 1,831,280,750
NYSE Volume 3,598,988,250
Combined NYSE & NASDAQ Advance - Decline: 2972-2654
Combined NYSE & NASDAQ New highs - New lows: 212-
WTI crude oil: 103.02, +0.24
Gold: 1,669.30, +17.10
Silver: 32.48, 0.49

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