Tuesday, November 8, 2011
Twilight Zone
Italy is entering into the Twilight Zone. Berlusconi is barely hanging on, which is about the worse possible political scenario for Italy. Also you have the 10 year bond going to new lows. US stocks are putting on their best Alfred E. Neuman act but eventually the turd hits the fan. Expecting some bigger volatility in the coming days as the banks in Europe get taken out back.
Subscribe to:
Post Comments (Atom)
Posts
5 comments:
Berlesconi is stepping down and Italy looking for reform. How does this change your outlook.
MO, you still short? Or did you cover?
BTFD
Started a small position short on this run up here, will add more as the week goes on. No covering.
Berlisconi stepping down doesn't change my outlook, it doesn't solve the problems in the Italian credit markets.
Post a Comment