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3 p.m. Is the Market's New Witching Hour

Stock quotes in this article: TRAD , GS , BSC  

Stocks have a new witching hour: 3 o'clock.

Wall Street has seen plenty of wild trading in recent days. Credit worries sent stocks plunging last Thursday and Friday, as Bear Stearns (BSC Quote) held a disastrous conference call. Then bulls stampeded back into the market this week.

Oddly, though, in every session, the wildest action has taken place right around 3 p.m. EDT -- an hour before the close of regular trading. ...

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