We are still very defensive
Although we did not outperform the market today (the only way you could have done that was all in and then some) we managed decent gains. Surprisingly some of our largest positions did not move much…
Central Banks Take Coordinated Action - WSJ.com
Central Banks Move to Calm Fears Markets Rally After Joint Action Aimed at Cushioning Global Effects of Euro Crisis; Fed 'Prepared' to Do More if Needed By JON HILSENRATH And JEFFREY SPARSHOTT Is the…