T/A ETF AND INDEX

[capt_jmj]

In the context of EOM/EOQ (if you believe in such things), today's action is not hard to understand. Fund managers like to show holdings of stocks that have done well, so on cue, they dump their losers which drives down the price of everything, and then buy back what they want to show in their EOQ reports, hopefully with a little gain to boot if they got out and then back in first (i.e. ahead of Joe Sixpack). There was one opinion here that said it had to be Mon due to settlement, but I do not believe that is correct. It is what they own as of today's close, and when the trade is executed, they own it. Just try to convince your broker you really didn't mean to make that last trade.