Next Steps in Europe

The market is up mainly on some optimism about the Europeans leveraging their rescue fund and possibly due to re-balancing of portfolios at the end of the quarter where portfolio managers sell outperforming assets and buy under-performing assets. In the current situation it would be moving out of bonds into equities as bonds have done very well this quarter.

The FT has a really good article on what are the next steps in Europe. The article also has a calendar of events about the  different meetings in Europe which is something I have been trying to get a hold off.  This will be a long drawn out process so the high level of volatility may stay with us for some time.

FT: Next Steps in Europe

 

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