"In 2005 TIV's PPS-climb 'relaxed' just a bit for a couple of days right in this same relative time-frame ..... before beginning a 4-day climb into Russell Reconstitution Day."
And back then it fell back about a buck from the initial highs , then started back up.
TIV has now fallen substantially over a buck from the recent high.
It amazed me to see all the buying ahead of the Russell Recon. Day. I suppose some of the loosely-indexed funds could have been buying in ahead of time , but why push it up so far if there's nothing forcing it ... like it will be a 'forced' buy-in on Recon. Day itself? Kind of begs the question: who was really buying it up all the way to $9.7x?
Since TIV has always fallen back after the Russell buy-in, seems like that event has typically been more of a selling opportunity than a buying opportunity.
Perhaps this year will be different. I guess we'll see!
JMO
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
