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Friday, March 19, 2010

The Market On Friday

And the weeks just go flying by. The first day of Spring is Saturday. It always seems to take a little bit of a physical adjustment to get back into the flow of Spring. Once we get acclimated to the warmer weather, then the opposite occurs. We don't want to let it go.

At 7:50 futures are flat, oil is down, and the dollar is up, plus it is the week of the quadruple witching. All in all, the market is behaving rather gently, considering. Investors will point out that the economy is doing well. How about that. There are two classes of people, wealthy and ingrates.

If the day ends up going sideways, all might be pleased.

CNN: Stocks head for weak open
...quadruple witching -- a quarterly event when stock index futures and options and individual stock futures and options all expire at the same time.

Quadruple witching: The event can lead to wide fluctuations in prices of the underlying stocks and increased volatility in the broader market...
Reuters: Stock futures signal mixed open; Palm eyed
Concerns over Greece's debt problems persisted on Friday.

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