A Mixed Start Technology stock traders were a bit nervous today. On the day before Good Friday, the market could do no wrong. In Rearview Mirror March 15th was the last trading day that we closed above the psychologically important 10,000 mark. Today's action saw a decided lack of conviction from bears and bulls alike. While baseball fans started flooding ballparks around the country to watch their favorite players swing for the fences, the market was doing its best not to strike out.
Spring is here.
Okay, so maybe I am jumping the gun, but for the second consecutive week, the three major indices closed a Friday in the black. As the first quarter of 2001 mercifully winds down, many mutual fund managers will be scurrying to add some winners to a list of holdings that almost certainly is littered with bow-wows. The sideline cash jumped to the floor of the NYSE today lending further credence to the theory that the triple symbol stocks may have put in a significant bottom last week. Finally, traders and investors had a reason to tip a few back on a Friday evening. The bears will have to wait another day before the DOW succumbs to their grasp.