“Economic data was mostly light the Empire State manufacturing survey was the lone ‘A list’ item, and topped expectations and there were no major earnings reports,” stated Schaeffer’s Trading Analyst Peter Bryans. Aside from a slew of M&A activity,
GuruFocus added another new guru this week. This guru is David Abrams ( Trades , Portfolio ), the founder and managing partner at Abrams Capital Management which is an employee owned hedge fund. The fund typically invests in public
“The weakness that began yesterday continued into the open this morning, and we experienced a steady dose of selling throughout the day,” noted Schaeffer’s Senior Equity Analyst Joe Bell, CMT. “On the heels of this morning’s worse than expected