The V2X has moved back through 200m. This is a volatile little puppy, but
it's clearly not ready to settle down yet.
As we've pointed out, the Cyprus situation has resulted in a series of precendents, and, therefore, a series of risks that are not going away. Trading volatility works until it doesn't: meaning, there are a lot of opportunities to take advantage of the fear in the markets that has recently been so latent. Be aggressive with your trading of risk in the short run because we will continue to have a series of contradictory headlines from Europe in the weeks to come. The euro today at is at four month lows and we are seeing bond yields blowing out again, despite the reasonably bullish outlook on Italy ( EWI , quote ) that came from the IMF last night.
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