{"id":5482,"date":"2012-03-28T07:21:54","date_gmt":"2012-03-28T12:21:54","guid":{"rendered":"http:\/\/leavittbrothers.com\/blog\/?p=5482"},"modified":"2012-03-28T07:21:54","modified_gmt":"2012-03-28T12:21:54","slug":"before-the-open-mar-28-2","status":"publish","type":"post","link":"https:\/\/blog.leavittbrothers.com\/?p=5482","title":{"rendered":"Before the Open (Mar 28)"},"content":{"rendered":"

Good morning. Happy Wednesday.<\/span>
\nThe Asian\/Pacific markets closed mostly down. China dropped 2.7%, but no other index dropped more than 1%. Europe is currently mostly down, but the losses are small. Futures here in the States point towards slight positive open for the cash market.
\n<\/span>
\nThe dollar is flat. Oil and copper are down. Gold and silver are down.<\/span>
\nThe market sold off into yesterday’s close but is still up solidly on the week. At this point in time one would think any fund manager who needed to add some big name stocks to their portfolio has already done so, so the effects of end-of-quarter window dressing are subsiding. <\/span>
\nHere’s the 60-min SPX chart. Does anyone want to argue with the trend? I hope not. <\/span>
\n\"\"
\nWhen will it end? I have no idea. It’ll end when it ends. I know that’s a generic, open-ended statement, but it’s true. A scary financial situation in Europe hasn’t chased buyers away. Random negative economic reports haven’t induced selling. Random earnings misses have been mostly ignored. Indicators which typically lead to mini corrections have had no effect. The market has a mind of its own right now. It wants to move up, and you’re best off not arguing with it. If you stick with the best stocks in the leading groups, you’ll do fine. Just don’t think too much. That’s when you get into trouble. More after the open.<\/span>
\nheadlines at Yahoo Finance<\/a><\/span>
\nheadlines at MarketWatch<\/a><\/span>
\ntoday’s upgrades\/downgrades<\/a><\/span>
\nthis week’s Earnings<\/a><\/span>
\nthis week’s Economic Numbers<\/a><\/span>
\n