Musical chairs and the tarantella…

Posted on Apr 14, 2012 by in Letters

Or dancing with tarantulas.  The markets over the last week or so have had the fingerprints of the big hedge funds on them -- trading aggressively as they grab seats for the musical chairs game.  Frankly the tarantella is not our dance -- jotas we can stand and sambas but most of all waltzes -- as in... Matilda.  But the last few days have a nasty resemblance in miniature to the bungee markets of last August to October.

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