If you wind the clock back about 100 hours, then you'll recall that we began the week by emphasizing the old TFMR adage about the end of the week being more important than the start. And after a Bank Special today, we're reminded again of that adage's power.
You see, if I had told you last Friday... after the BLSBS and another Comex-based smash that continued all the way through the Globex close ...that CDG would finish this week $13 higher with CDS up 40¢, you'd have probably said "cool, I'll take it". But it's the process of getting there that drives us all crazy.
Up...