I'm sure you saw the story about the Crush spread, screen's inability to handle and mention of an "emergency meeting" yesterday ... seems a bid came in after story posted as this is bad PR but nothing harmful to the enterprise unless investors hold it against the idiots making policy
BTW, I know Peter Kelly the broker quoted
It is true CME didn't give a hoot about the users of this strategy and they are the bedrock the business was built on ... grain commercial hedgers
Duffy is an idiot and the rest are incompetant idiots
I hear you on the commodities sector angle ... I thought perhaps some selling attributable to this. Thanks for your responses and would appreciate any heads up on news if you do hear, downgrades or otherwise.
Seems a bit out-sized of a move for any of the usual explanations ..... Could be duffy and gil dumping again but again down 2.5% ????