August is Wacky

A Month Later: 10 Year “WTF Auction” Snapback Is Fast And Furious | ZeroHedge.

Everyone is on vacation, and all of the markets are thinner than usual. Hence, things like this happen and will continue to happen until Labor Day.

If we have a few auctions like this in a row and we’re in October, then we will all have something to write about.  In the meantime, I’m going to grab some lunch.

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