The big news today was waiting for the ECJ to rule whether QE would be legal to implement by the ECB. They said at 830 GMT that it may be legal. Thanks for that. This could ignite the markets. But likely we wait till jan 22 when the ecb meeting will reveal intentions. Draghi says risk of deflation in the eu is not likely though more likely than last year.
One of my 13f clone picks from baupost is having issues (OCN). Down 35 percent in one day on news that California might pull its mortgage license. Annoying and why it pays to have small positions in these things. I am looking at ticker ALFA as a replacement to 13f cloning.
Glad to be getting home. I think I’ve accomplished all the EU traveling I came to Malta to do. Especially the Med. The next 6 months will include just a Cayman trip and that’s about it. Time to get back to heavy work with my day job.
Does this mean the blog will now be just “andtrades.com”?
I enjoyed travelling the Med vicariously through your blogs.
Riiiiiiiiiiiight
Lol. Apparently that post was a lie 🙂