It’s hard for me to embrace the “we are France” trade, but I am fighting off the demons and I am trying to accept it. I have no choice. The current environment is eerily reminiscent of my days at Lehman in the 80’s when the “privatization” of Europe was all the rage. It seems that we are going backward, not forward as a nation. Oh well, I’ll do my best..
We are due for a pullback unless the beast wants to stay overbought. I’m ready either way, but am salivating at the thought of tattooing the XLF on the short side. One can dream. Damn the “nationalistas.”