It was a cold November morning as I took my first step into the dark canyon. The challenge of running to the north rim and back awaited; but this journey was greater than the 50 miles before me. This was about discovering the greatness that lies within us. We all have dreams, desires to achieve what others say cannot be done. With passion, hard work and the willingness to suffer, our success awaits.
"Life is either a daring adventure or nothing" - Helen Keller
Thursday, January 6, 2011
Market Sentiment
Quick post, came across this chart and it pretty much sums up market sentiment. PIIGS CDS Vs the VIX. The fear gauge is at a yearly low while sovereign debt risks are blowing out. There is no protection on positions right now and margin debt is at pre LEH levels. GOD help anyone who is long, unhedged, leveraged in this market should anything happen that causes more selling than the Fed can match with bids.
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