Monday, June 29, 2009

Markets

There's a quarter end mark up in effect, as funds add positions in good performing stocks that they use to window dress their balance sheets. We may see the selling of positions right after quarter end. Q1 will be a difficult act to follow for earnings relative to estimates. Positive estimates and Q1 performance was largely helped through cost-cutting, and government intervention which can't really be replicated in Q2.

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