Who Wants to be Long With Europe Open

It seems nobody wants to be long heading into Thanksgiving with European markets open both tomorrow and Friday. This likely means that it will take really bad news to send us down on Friday as everybody is hunkered down. The only way to make money this year has been to buy into nastiness and its pretty nasty out there. I added quite a bit on the long side and hope I'm not the Thanksgiving turkey come Friday. Have a Happy Thanksgiving.


Shubh Desai said...


Tsachy, what do you say about above link? I am affraid to go long today then in August & September. I bought lot of Europe high dividend stock in telecom and energy. I was scared yesterday to hold long. Let me know what do you think.

Tsachy Mishal said...

I think these stress tests are more about approving dividends and repurchases for banks. They don't want to approve them unless banks are rock solid. I believe the issue in the markets right now is Europe.