Loading ...As we’ve talked about in the past, timing is always a key component of the smashes.
Firstly, we’ve known for a long time that breakouts are always meant to be SOLD in the PM arena.
Secondly, starting next week, I have to think that the “JV” trading staff ( on the institutional banking desks) will be in charge, whilst the “Varsity” will be off prancing around during the holidays.
Then, we have a big year end “mark” for the scum, with the goal of minimizing as much as possible, the mark-to-market has incurred on their balance sheets ( for the past several months).
Perhaps we have to wait until after the New Years to get the PM train back in gear and moving in the right direction again…..