Thank heaven we’re done with 2011!
Tough year for global macro traders. A year of bull and bear traps, ridiculous correlations, absurd trading algorithms, and the full realization the global economy has entered the second phase of the financial crisis that began with the bursting of the credit bubble in 2007.
At the end of the day, we don’t think the sovereign debt crisis stops at the Eurozone border. Our resolution is, as always, not to over trade, choose our spots more carefully, reduce leverage, and remain vigilant.
Peace and prosperity in 2012, folks, and thanks for tuning in to the Global Macro Monitor!
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