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Is the recent drop in prices more to do with MF Global and less to do with fundamentals?
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Is anyone else starting to see what a retooled cwb
could accomplish?
We have a vacum.
HUGE HUGE HUGE opportunity about to be flushed
because of ignorance,incompetence and hesitance.
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I Agree CP
On the MF Global thing, MF Global Canada clients were informed late last week RBC DS would be managing accounts. If they had not heard from clients by Nov 23 any outstanding positions in their accounts would be liquidated and turned into cash before the US Thanks giving weekend. So that certainly could be part of whats going on. It is clear with the Market going to an inverted position there is nearby strength still. But must have no illusions that major damage done to charts and no doubt the highs are in.
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Back to canola for a miunute, basis levels are very strong. This morning another offer arrived via email. Stronger than the last. To me that's an indicator that fundamentals may be being overlooked in the futures market for other factors, whether MF Global or the Euro financial crisis.
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MF Global was triggered by the Euro situation and by a greedy CEO to gambled with other people's money to make himself rich.
It is too bad the rest of us have to pay for his greed....
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Wait for what Depape?
A private brokerage firm i cant buy shares in thus
not vote in?
A firm that is not cdic insured,thus as risky by
default as mf because of gross incompetence and
leverage?
A piss ant start up company with a dozen wont to
bees?
.time to start a new thread,sorry Michelle for the
hyjack,although it was me that introduced the
forum to rodgers a decade ago.
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