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Institutions Watch From the Sidelines as Speculative Participation Surges
By Rennie on Thursday, June 25th, 2009 at 2:42 amStock indices gapped higher Wednesday and traded with solid gains until the FOMC announcement, after which the S&P gave back most of the day’s gain. It still managed to close modestly higher in thin trading. NYSE volume remained below its 20-day average and actually declined from the previous session, very unusual for a Fed day. As noted in today’s intraday update, when NYSE volume…
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