• its amazing that a 'small' country like greece can hold the entire world ransom
  • that's the dark side of globalization
  • we will try to close out or MS trade at some point today…risk into the weekend is way too big.  we don't like to flip bucket 2 stuff this quickly but these current times require us to assess the stiuation multiple times per day and right now being long a bank into the weekend doesn't feel right
  • it may be right it may be wrong, we are simply sharing what we are doing and what the thought process is
  • fyi, here are italian bond yields again…10 yr by almost 6.4%

 

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