Sorry for the late post today but there is a foot of snow out my window. Yesterday, my part of the world had about sixty feet of rain and it all ended up in my basement.
I am reading more and more about debt downgrades, currency plunges and civil unrest (Greece and Turkey). The Socionomics crew would say that the latter is just a result of the declining stock markets in many places but the point is that a lot of bad stuff is happening.
I do not have a Bloomberg so if anyone can suggest a place to find CDS charts, I’d be much obliged. Rumor has it that the Elliott Wave boys and girls down in Gainesville just published a list of countries (and states) with rather scary looking CDS charts.
Even thought the stock market is still holding on, I am holding a huge percentage of cash right now.
