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Message: Re: bnn
bnn

Nov 28, 2007 09:30AM

Re: bnn

in response to by
posted on Nov 28, 2007 11:14AM

Basically that is the usualy pre-Christmas stock boom. 

Since this is fast approaching year-end, all the investment houses would like to see a big rise in stock prices (ususally they are the ones who are doing the buying and drive up the stock prices).  The purpose is obvious, they can claim that they have a good year and collect the bonuses built into the results of the portfolios that they manage.  

 

 

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