Northern Tier Energy LP (NTI)

[bzusa]

Talking about the price WNR would pay for NTI
Last week, I wrote
“WNR would have to fall to about $36.50 (-$6, or more or 13%) to make the NTI offer stand where NTI closed today.”
I thought that that would be an outrageous fall.
7 days later WNR has closed at $36.73.

Last Friday, I heard that short interest in the Dow had reached a historically high level – looks like those shorts had it right.

REITS fell 4% on average today.
‘bout time, as the yield curve keeps compressing.