Mr. Market has resumed the attack to Italy (and in particular banks). However, the news is that now also France, the big fish and a juicy prey, is under the spotlight with the possibility of a downgrade and SOCGEN down more than 20% today (with rumors about insolvency). Is there actually "someone" implementing a strategy behind this? Or is it just a sport looking for conspiracies everywhere? Whatever it is, it looks quite well coordinated. I think that pressure on Europe can help the US distracting the attention of speculators from its problems. Europe is much weaker both politically and economically. When we go again into a recession it is going to be tough for the Euro. And actually I don't understand why it is still so strong vs the dollar. This may be the next big opportunity when all of a sudden confidence in the Euro will vanish.


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