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APR 19, 2013 - Zero Hedge

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Options Expiration Market Distortions

  There was little in the way of economic data Friday but primarily there was the earnings hangover from IBM (negative) and beats from GOOG and MSFT. The latter allowed a rally Friday in the tech laden (QQQ) but really the poor IBM report should dominate tech. But IBM’s report only modestly held back the price-weighted DJIA as Boeing (BA) rallied. BA reported it had solved the Dreamliner’s battery problems. At the same time the company stated it was reducing plane order estimates which aren’t bullish right? With stocks short-term oversold it certainly wasn’t much of a surprise that ... Read More

Tags: Options Expiration Market Distortions,  Dollar Latest News