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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