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Closing Bell: More negative close than it felt like
http://www.bloggingstocks.com/ 2008/ 03/ 27/ closing-bell-more-negative-close-than-i...
Filed under: Google (GOOG), ConAgra Foods (CAG), Oracle Corp (ORCL), Lehman Br Holdings (LEH)The Commerce Department's Q4-2007 final revision for GDP came in at +0.6%, but that was in-line and the data is now more than 75-days old. But it does highlight the concerns that the growth rates this quarter just can not be good. It also set the tone for more selling. It just goes to show that it still pays in today's climate to sell when you are feeling good about the market and buy when you feel overly concerned. The Federal Reserve also auctioned off some $75 billion in treasury securities after receiving bids for some $86.1 billion.
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