Eurobombed

Volatility has picked up in the markets again and stability is fading. I am 100% in cash now and
unless matters settle down some, plan to stay that way until I find cases where market sectors
are so badly mis-priced that a trade may be appropriate. Frankly, the volatility and the consequent
lack of continuity in the riskier portions of the financial and capital markets are proving to be
wearying and a bit dangerous as well since established techniques of trading and investing remain
workable but are subject to disruption even to disclosures from the EU which do not really
constitute news of consequence but are reiterations and rehashings of ponts investors and traders
already thought were discounted in the markets.

I'll keep the posts coming, but I am on the sidelines for now.