When the leading investment trust companies bought $5.74 billion of stock last December, large private investors simply took their profits in a selling spree, analysts said.
The drops in technology shares contributed to a late-day selling spree that spread across the market.
To support its acquisition of Orange, France Telecom is also going on a selling spree to raise cash.
In two sessions, the blue-chip indicator has already recouped more than half of the 508 points lost in Monday's selling spree.
The selling spree diminished when the economy turned down and Home Depot moved in.
The dollar climbed to 134 Japanese yen and 1.8330 West German marks before the selling spree.
Today's Columns O'Brien Environmental Energy insiders have been on a selling spree.
A sudden selling spree hit the stock market late yesterday and pushed the Dow Jones industrial average into one of its steepest point declines ever.
Vodafone has recently been on a selling spree.
Bond prices dropped sharply yesterday and yields rose as investors continued a selling spree that began slightly more than a week ago.