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rich ruscio

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rich ruscio

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Re: tjwny post# 38641

Sunday, 05/31/2009 10:39:56 AM

Sunday, May 31, 2009 10:39:56 AM

Post# of 51778
One additional background catalyst for EOM manipulations is pension funds. If a pension fund needs to mark to market, and then set return and inflow rates, having a big spike up at EOM buys them time before they need to hammer their fund sources.

Most pension funds were nominally underfunded before the recent unpleasantness, and it has not become better.

Spikes notwithstanding.

JMO, ICBW. YMMV.

rr
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