Tuesday, October 20, 2009

Investors Flip Off

Essentially investors sold today, banking money delivered with the post apocalyptic rally.

If one reads the articles one cannot really find a viable reason for the market to drop today except that investors work as a unit, and today they decided to sell. That's the way it is.

The DOW dropped 50 and that's a mild drop in recent times. S&P corporations are humming, so perhaps the sentiment will change.

Reuters: Wall Street ends lower on profit taking
Through noon Tuesday, with 95 of the benchmark S&P 500 companies having reported earnings, 79 percent have beaten expectations and only 11 percent have fallen behind, according to Thomson Reuters data.

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