Here comes the rain again
Falling on my head like a memory
Falling on my head like a new emotion
--Eurythmics
Soft equity markets this am as Portugal's largest bank defaults on bond payments. Perhaps the weak EU banking system is coming back into focus. May be another crack.
Dip buyers will not give up easily. Will be interesting to see if they can lift 'em once again. If they can't lift 'em, then the angst level ticks higher.
position in SPX
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1 comment:
Portugal is a high hill with a white watch tower on it flying signal flags. It is apparently inhabited by one man who lives in a long row of yellow houses with red roofs, and populated by sheep who do grand acts of balancing on the side of the hill.
~Richard Davis
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