Stay focused as we have far more headwinds than just oil. I'm reading articles and hearing pundits say that once the uncertainty in Libya passes then markets will move up. The upheaval in the Middle East is far from over. In fact should Gaddafi "pass along" then with over 130 tribes in that country civil war is almost certain. Beyond the Middle East though, tomorrow we have elections in Ireland with Fine Gael expected to win (possibly a 40% majority) and the risk to senior bondholders will be huge. Portugal is now in need of a bailout as well. I won't go into all the headwinds facing the global economy right now. Just a reminder that risk is not simply contained in Libya.
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