Buy Program On The Close

There should be a $3 billion S&P 500 buy program on the close by my crude calculations due to the closing of Pfizer Wyeth as indexers deploy the Wyeth cash. Part of the order flow was likely front run yesterday on the announcement of the closing so I am not sure what the net effect will be.

1 comment:

Anonymous said...

Maybe 1 or 2 points on the spx dawg.