The New CS Board

[jumanji0881]

GDXJ's Epic Rebalance - It's Knife-Catching Time : http://www.zerohedge.com/news/2017-06-02/gdxjs-epic-rebalance-its-kinfe-catching-time

My comment: This guy thinks a 15% drop in some of the small cap miners is a huge drop. What little he knows since some of the small caps dropped over 90% from their 2011 highs to their lows in 2015. That's when you buy, buy, buy...and I did.

Excerpt:
Well, this opportunity proved too tempting for the street. Traders have beaten the stocks coming out of the index with an ugly stick. Actually, that description doesn’t really do justice to the true extent of the carnage.

TD Index Specialist Peter Haynes recently wrote a report where he described the rebalance as “the single greatest wealth destruction event in index history.” He included a great chart that showed that the stocks with forecasted weight reductions have declined 15.7% while the adds are down only 3.3%.