Wednesday, September 23, 2009

Intraday action

AlphaNinja - The FOMC decision on interest rates will be out in less than two hours, upon which the market will freak out for a minute or ten, then settle back.

Among losers, note that 6 of the 10 are due to equity and debt offerings. As this rally chugs along, these companies look incredulously at their inflated values and spew shares to whomever will take them. Buyer beware...

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