I agree with you PS but I'm more concerned about the manner of trading today.
I see energy sector up close to 2%. Resource up too almost 1.5% and LNC shares tanking. What should one make out of this. I understand that LNC is SPEC but just looking at the trade history now.. its gone from 1.53 to 1.09 in mere 4 days. I find this ridiculous.
The rally this morning could not be sustained even fr an hour. Shares are being dumped for no apparent reason. The vol is considerably large. Surely, the market knows something that I don't. I suspect CS behind all this. Do you think they are sitting wid hands folded and watch sp shed more than 25% of its value?? Sounds unreal for an inst.
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