Risk Aversion Again

(1) Elections upend Euro Mess cleanup efforts. (2) Debt and fiscal cliffs. (3) Earnings-led bear market or another P/E-led correction? (4) Can Europe survive a fall? (5) The “endgame” scenario is back. (6) Bank runs. (7) Another lame G8 communique. (8) The euro zone’s day of infamy. (9) “Pay me so I can pay you, or else!” (10) Better to use Greece’s bailout euros to recapitalize distressed banks. (11) Same survey shows strength in NY-Fed’s district, weakness in Philly-Fed district. (12) “Dark Shadows” (+).