Slowly Selling

I am slowly selling down net long exposure added last week. I am remaining net long, just not as aggressively.

2 comments:

Aaron Boone said...

I bought some things yesterday to play a bounce for a few days but these banks are ruining the party.  They are still acting absolutely terrible.  The market can rally without them but we have never been able to rally much with the banks still acting weak.  Not to mention spain and italy bonds yeilds still not coming in.

Tsachy Mishal said...

I think the ECB is purposely not buying enough to bring yields lower in order to put pressure on the politicians to come up with a solution.