Well, it’s nice to see that I was at least able anticipate the market correctly for once.  What are the odds of that, something like 50%?

I did not, however, have the strength of conviction to liquidate all of my holdings and purchase vast stocks of something guaranteed to hold its value in any calamity, such as rare single malt Scotch.

(From “Stocks, Euro Tumble on Debt Concern; S&P 500 Losses Limited – Bloomberg.com“, via .)

From Megan McArdle, links to a couple of articles on the sovereign debt crisis, and how it all played out last time around. It’s worthwhile to read as many of these as you can stomach—the Yves Smith article is especially good.

I’ve felt since the stock market started to rebound in the middle of last year that we were just passing through the eye of the storm. If I were a more active investor I might have taken some medium-to-long term short positions on… everything.

(From “Greece and the Euro: Going, Going . . . “, via Instapundit.)