Brent Plunges On Rumor Mubarak To Resign, Takes Entire Commodity Complex With It
The latest rumor rocking the commodity space is that Hank "M.A.D" Mubarak will resign. We are not sure where this rumor has originated from but it is wreaking havoc on the oil complex, and by sympathy, on all commodities, and risk assets as well. That is coincided with the end of a POMO that had a 4 S/A ratio only confirms the weakness in stocks. On the other hand, the snapback rally once this wave of optimism dies down could be vicious. Keep an eye on Reuters for confirmation of any Mubarak news.
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