Window Breaking?

Posted by Bull Bear Trader | 3/28/2008 02:54:00 PM | , , | 0 comments »

Art Cashin (while on CNBC) talked Friday afternoon (63/28/08) about how for the end of this quarter there may be more window breaking, as opposed to window dressing - i.e., since the hedge funds are more short than long (his observation), they are more likely to short more near the end of the quarter, thereby driving the prices lower, allowing their end of quarter results to look even better. The change in the uptick rule will only increase this effect. We shall see.