The improving US economic scenario certainly hasn't played out in the sp as yet IMO. Not clear what is holding it back...perhaps fear of another capital raising. I hope they ride it out as I am comfortable with maintaining the leverage and thus getting more back in an expected recovery. Also, at some point I expect MQG will look to lighten its holding, which may be a further brake on the sp currently.
The improving US economic scenario certainly hasn't played out...
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