Final numbers, not good for the home team

Dow 11,350.01 +3.50 +0.03%

Nasdaq 2,292.98 -22.65 -0.98%

S&P 500 1,280.00 +1.62 +0.13%

10 Yr Bond(%) 3.9790% -0.011

why?

Usually after a fall like Friday's you see an uptick

We went all the way to 50 or so, and it was falling fast when the bell came

Will see about tomorrow

A lot of people are holding their money back to see how 2Q results look over the next week or two. Such profit taking (or loss-cutting) is common enough around quarterly reporting periods. I am not reading too much into it. I do think we're in recession and it'll continue to drift downwards (as I said a few weeks ago, the next psychological floor is 10,000). But then we already knew we were in a bad economic situation, so this is about what we should expect.

I thought it would slump more, to be honest; I'm a little surprised that it ended the day essentially flat. A lot of people seem to be holding their breath at the moment, which is understandable under the circumstances.

that is why

And the fact we didn't is not good, IMHO that is

Your right, this does not bode well for the rest of the week. Stay away from open windows.

color me surprised and will really be watching the manipulation tomorrow.

of any city. Drive carefully in the McMansion district, they're likely to be drunk.

No, today barely managed to stay even. The rest of the week might not look nearly as good.

This is reposted from the SMW thread:

Up until about 3:45, the Dow was up about 50 pts. on very light volume. It dropped into negative territory in about 10 minutes. Then, at 3:55, it rose again slightly to end positive. I believe that the largest investors, knowing that the future's looking pretty dire, but also knowing that no major news/reports were due out today, waited on the sidelines hoping for a sucker rally. They waited until the last possible second and then sold so that they could wring at least a small profit out of the day and cut their loses for June. Then, somebody else (the PPT?) saw what was happening and wanted to ensure that the headline tonight would be "The Dow finally closed up today, reversing its latest trend" rather than "The Dow collapsed into to red again today."

Can I have Dan Ackroyd's job now?

who gets to be the old white guys?