IMC’s chief Rob Defares (see photo) comments will terrify his own personnel – as he confirmed things are bad, but compared to previous hard times still bearable. Quoted right after a few lines on forced layoffs. A coincidence, probably.
The question remains which kind of firms are bound to take a hit when the current slow market endures. The heavy weight kings of the overhead with deep pockets, or the small lean and mean (and slow) dwarfs. Perhaps both will suffer when this market lasts.