June 30 is qtr end for the fast money crowd. There is 3 trillion sitting in mmkt funds-part of that is retail and part is fast money hiding. Watch for the money to gravitate towards the qtrs winners. GOOG, AAPL, RIMM could trade up on money flow. I suspect the sp500 trades higher into q2 end, but fails to break to new intermediate highs. We will see.
Also I suspect the mutual fund side will continue to see redemptions as the lifestyle of many consumers is going to see savings eaten into.
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