Sarkozy’s Moment

(1) Euro: “Reports of my death are greatly exaggerated.” (2) Must there be an endgame? (3) Yearend rally still on track. (4) US indicators remain upbeat. (5) China is stimulating as inflation drops and growth slows. (6) Latest Grand Plan creates an IMF liquidity facility. (7) Sarkozy says banks should borrow from ECB at 1.00% and lend to governments at 5.00%. (8) A fiscal compact made in Germany. (9) Time to get cyclical and buy some banks too? (10) Global trade showing some weakness. (11) Strength and weakness in global trade. (12) Overweighting Transportation stocks again.