Beverly Hills 2/11/2010 1:37:54 AM
News / Business

Greece Bailout in the Works

Mark McMillan’s Special Situations blog, EQUITIES Magazine

Financial strategist Mark McMillan talks about how the Greek bailout is affecting the markets.

“The major index ETFs opened higher but then moved in mixed fashion during the first hour before dropping together for the next hour. A surge in buying interest began about a half hour before noon that would also last an hour. The rest of the day was spent in giving back the gains from the mid-day surge with the major indexes finishing slightly higher than where they opened. The Russell-2000 and the Semiconductor Index (SOX 323.41 +5.45) mimicked the major indexes while the Regional Bank- (KRE 23.07 +0.22) and Diversified Bank (KBE 22.18 +0.27) indexes finished lower than their higher opens. As usual, the 20+ year Lehman Bond (TLT 91.18 -0.92) moved inversely to the major indexes. Volume on the NYSE was average trading 1.239B shares. Volume at the NASDAQ was also average at 2.226B shares…”

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About Mark McMillan:

 

Mark McMillan entered the world of finance to solve the problem of why and more importantly when the markets will go up and down. He developed a behavioral model to understand what is really happening in the markets and uses it to time the markets. He also uses fundamental research to determine valuations for companies. He combines the behavioral and value strategies along with macro-economic analysis to build a portfolio with both long term and tactical positions.

 

About EQUITIES:

 

Since 1951, EQUITIES Magazine has been a leading media company providing business editorial content designed to serve the needs of business leaders, professionals, institutional investors and retail investors. We are focused on business and the business of making money, not on lifestyle subjects. We publish original reporting in print and on our website, as well as select content at www.nasdaq.com. For 28 years we have hosted our own branded investor conferences that connect public company CEO’s with our loyal readers in the investment community.

 

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