it’s my sole observation at this time that the markets apparently were willing to grant the Eurozone more than the six weeks I negatively prognosticated. Not feeling confident that all is well in hand. Far from it. Just confounded by the pace at which the actual world works, as opposed to the projections possible within a sideways-tree-visualized quantitative stochastic model entirely unencumbered by actual portfolios. Freedom of mind, indeed. Humph.
There’s certainly more to discuss, but I’m moving on to a set of timely topics in the information technology world, because this place clearly isn’t going to organize itself.
BTW, I’d say that shorting the T-bill is madness if you actually expect collapse of the Euro. Pimco stands as a lesson to us all. The US is indeed a wonder in and of itself. That being said and in the spirit of disclosure, I am shorting because I’m so far down on my Pimco follow (!) that now I’m just betting on a US equity-side any-kind-of-recovery netting out the same as if El Senor Bill had been right on my first go-around. That’s OK. No hard feelings. I thought the same thing. It’s good to know I wasn’t alone.
Until then,
AC