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" ... Conversely, the baddies embraced financials, industrials and technology, particularly high valuation properties like Qualcomm and Google. This performance pattern is likely to continue just so long as there’s bad macro news at the margin, now a daily dosage out of euroland. ... "
" ... Not only is the world now a more hostile spectacle, but our financial markets equally wax violent. In euroland we are witnessing the failure of middle class socialism during the postwar era. England’s politicians foolishly discard Keynesian fiscal policy and snuff out growth with their induced austerity measures. Bank stocks can explode 5 to 10 percent, daily. ... "