Thursday Jan 21, 2016
Here is another example of how bottoms in markets re riddled with bankruptcies, this one is what I would term a bankruptcy in kind.' By that I mean the holders of shares were shut out of the opportunity to buy at a low price, the shares were called using an absurdly opaque portion of the prospectus.
I don't know where the bottom is for oil but her is another sign we are closer to just that.
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