Some, me included, are providing their individual perspective.
My point being nothing has changed since May in regard the credit market.
Why was GBG "undervalued" in May and a few months later is thrown out due to external conditions that have always existed in this same period?
This situation is not new and evidence abounds as to why. So why was this not espoused at the same time as positive sentiments were being displayed?
The sudden change in sentiment is intriguing and seemingly tied with a reduction, if not complete sell out of position.
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