I have not posted much today because my viewpoint has not changed. I am confident that EU leaders will not allow the Armageddon scenario to occur. The only question is how long they will procrastinate. One would think they would want to have this resolved before Christmas.
I reduced my net long exposure in case there needs to be another scare to get EU leaders moving. I still have a healthy net long exposure. Seasonality and the oversold reading are short term positives. Now we need to see some real progress and fewer statements and meetings. Have a good night.