Tomorrow is the final day of the first quarter of 2013. Right now I am seeing the market up 9.3% and i recently heard that most hedge funds and money managers were up abour 2-4%. The market has clearly run up, up and away from a lot of the pros.
As the quarter comes to a close, I am looking for window dressing to really pick up this afternoon and in a big way tomorrow as it is also the day before a holiday. The volume is expected to be lower tomorrow, so painting the tape and marking up (or down) names should not be a big problem and could end up boosting manager performance by as much as 100 to 150 basis points (1% - 1.5%).
So do you foresee:
A. Window dressing pumping up stocks that were already up
B. Window dressing pushing down stocks that were already down
C. All of the above
D. None of the above and here is why
Let's hear it for you window dressers!
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