By InTheMoneyStocks on June 14th, 2010 4:03pm Eastern Time
The S&P 500 Index started out very strong today rallying higher into the lunch hour. Then again just as we have seen the past few Monday's the market rolled over reversing a sharp positive gain. This sell off is just the opposite of what we saw in the market when the trend was up. Every Monday during 2009 and into April 2010 was a strong positive Monday. Hence the term "mutual fund Monday" or "merger Monday". Now we can call the market "mutual fund selling Monday" as it rarely closes positive.
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