Well I'm long EURUSD and equities and I can tell you I'm pretty miserable.
This market is doing nothing to make my Xmas nicer. It's also not going to put me in the gift buying mood. The market is taking all my present-money!
So they sorted Ireland. Nice. What did we want them to do? Exactly, sort out Spain, Portugal and Italy. And now we can just wait.
Also completely useless that Spanish minister said they had no funding trouble at all for the next months. Then slid in: Or maybe 1.5 months.
Great! So we can expect January to really see hell break loose. And the markets are starting to discount that.
Close to hedging my clients position by short selling Index ETFs!
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