Monday, July 16, 2007

Some odd trading today

First we started the day with the financial sector (which had been beaten down recently) seeing some buying. Then the volume kind of dried up before lunch time across the board. And now the financial sector is selling off again. Strength in the sectors is floating from one to the other. It would seem that the large money movers are "hunting" (maybe the better term would be fishing) for where to best put their money.

Kind of like going to an arcade and you go from one video game to another playing one quarter. You keep doing this until you find the machine you like and then you drop a ton of quarters into that machine.

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