Treasury Dumping C Shares

We knew it was coming.  The Treasury is dumping up to 7.6 billion shares of C through Morgan Stanley.  This adds up to over $35 billion in C shares being dumped on the market if the whole lot is sold.  That is a massive sell order and presents a significant headwind for the market in the coming weeks.  Add to that the other IPOs and secondaries that are popping up left and right and you have a supply shock coming.  I would expect there to be a correction in the face of all this supply.  As for today, its Mutual Fund Monday, of course we are going higher.  I am watching and waiting for higher prices to short.