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"I think the market has gone up in a rather vivacious way the last couple of days and what we're seeing here is a bit of hesitancy on the part of investors and traders to commit money ahead of key numbers," Mr. Cardillo said.
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Traders were not about to commit much more money to stocks.
The sharp advance defied expectations that stocks would pull back after nearly two months of rallies and that traders would not want to commit themselves ahead of the holiday weekend.
[A18.] SUPERVISORS BLAMED A report by internal auditors at Soci? G rale says management failures allowed a rogue trader at the bank to commit the biggest fraud in financial history.
Serious management failures by immediate superiors allowed a rogue trader at Société Générale to commit the biggest fraud in financial history, according to The New York Times which cited an internal report to be released Friday.
PARIS — Serious management failures by immediate superiors allowed a rogue trader at Société Générale to commit the biggest fraud in financial history, according to an internal report to be released Friday.
It would require traders who received IPO shares to commit to buying more shares in the immediate aftermarket.
The suits also charge that the firms required traders who received IPO shares to commit to buying more shares in the immediate aftermarket.
ARTHUR SIMON Not Afraid to Commit Arthur Simon was an equities trader for Fred Alger Management on the 93rd floor of 1 World Trade Center.
I have to commit.
Faire seemed reluctant to commit.
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