gordon

The Myth of End of Quarter Window Dressing Market Gains

"Fast Money" show last night was either blatantly stupid or deceptive by suggesting TODAY, the most obvious transaction day on the fund's books was "the" window-dressing. Just look at all the big winners making new highs, I could list 2 dozen where they started buying ON TUESDAY, WED, and half of THURSDAY. They think their audience is that stupid? On Tuesday they loaded into the big defense stocks, look at the etf ITA/holdings on Tuesday. And no, they aren't going to load- up the same sector the next day. Anyone except the blind could easily see it. Today, there's no support /volume under most of those.