Thursday, August 02, 2007

S&P, Nasdaq 3 month charts as of today

Although there has been a bit of a bounce the last two days, said bounce has been insignificant compared with the overall downtrend. It appears that more of the buyout premium was priced into the Nasdaq Composite, which would make sense as the proportion of stocks in the S & P that have been considered buyout candidates would have been relatively smaller.

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