A diary of the thought process behind my investment decisions
We saw a big change today in that Italian 10 year bond yields blew out to a near record and the stock market did not blink. Is this sustainable in the long term? No. But there is no reason the market cannot cause harm to all the under invested, underperforming managers out there until New Years. For now, I am willing to play along but I would feel much better about being long if the ECB would deal with the issues. Have a good night.