A diary of the thought process behind my investment decisions
Bail Us Out
European markets are lower on news that the Ireland is negotiating with Anglo Irish Bank bondholders, so that heaven forbid those who made bad investments actually take a partial loss. The largest risk for the market remains an economic event, which is a higher than normal possibility with a slow and unbalanced global economy. Its just tough to bet on an accident happening, because by definition timing an "accident" is quite unpredictable.