Plenty of weather

Another newsy weekend in Europe, most notable for the appointment of a new Italian PM. Looking past this event, this article is well worth a read, reported in BI.

Deutsche Bank’s Jim Reid Explains The One Defining Issue For 2012
http://www.businessinsider.com/deutsche-bank-on-why-2012-could-stand-out-in-the-history-books-2011-11

All calm at present. Liquidity indicators keep on tightening though.
Check these out, for example:
http://www.bloomberg.com/apps/quote?ticker=.TEDSP:IND
http://www.bloomberg.com/apps/quote?ticker=.LOIS3:IND
http://www.bloomberg.com/apps/quote?ticker=USSP2:IND

Yuck.

Mind you, ES was well supported in the ‘overnight’ mkt since Friday close.

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