In addition to this the Fed is going to raise interest rates by 0.25% as it has stated so the other 0.25% is at least deferred for the moment but the general message is interest rate rises are not on hold due to the Ukrainian crisis. This gives the clear message to any borrowers who are carrying large debt burdens to prioritise debt reduction or face the consequences. If shorts are continuing to rise at these low prices then Houston we definitely have a problem unless Mayne can pull a rabbit out of its hat in the near future and given it’s past track record I very much doubt that! Let’s see if the next leg down puts the SP in the teens because it’s not too far away from that ATM and the stock market hasn’t even begun unraveling in earnest yet….
MYX Price at posting:
22.5¢ Sentiment: None Disclosure: Not Held
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