Loading ...Watching this morning in the last hour as pm’s slowly drift lower, SM futures slowly drift higher, and the VIX drifts lower.
I’m not sure the SM will ever go lower again in our lifetimes – maybe Yellen was right.
Last day of the quarter, probably a massive up day in the SM as window dressing continues.
We are getting close to the point where if pm’s and related shares don’t start to turn higher in earnest they are going to be “tax loss” sales at the end of the year. MUX comes to mind, regardless of year end performance – have to think there are a bunch of people in near $3 that will want to dump.
Just a couple more…years….