Usually, the year-end trading is when the brokers and funds do all their window dressing, to make their numbers look the best they can for the calendar year.
And we usually see loads of short covering, too.
However, this year is different. The performance for the calendar year has been so bad that I suspect we're looking at funds doing the exact opposite this year - making the year end as LOW as possible, to get the next year off to a start from a very low base. They've given up on making 2011 look good, and instead seem to be trying to make 2012 look better?
So I guess we're in for a painful couple of days..... :(
this year end is different
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