As the tick infested vagrants at Zuccotti park prepare to freeze to death in NYC, ?The Fly? is roasting marshmallows for fun, whilst tossing 8k?s and 10q?s into the fireplace.
Futures are up and no one gives a fuck about protesters. The managing elite have big plans, all to do with ?saving Europe? from a comical, knee slapping, exit from the 1st world.
El Paso caught a bid from Kinder, which should lend to the bullish tone early going.
It?s too early to make predictions, especially since Europe has less than 1 week to save themselves. Having said that, I do not like the jacked upped yields in Italy. That needs to be addressed before I can get bullish again. Until then, I am weighted long, with hedges and 25% cash.
Source: http://ibankcoin.com/flyblog/2011/10/16/back-to-business-2/
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