• Shock and A & W

    If it's Tuesday, it must be another record. Did anyone see anything other than the UK warning? Was there a manifest event? Are 98 out of 100 piling in? Safe haven trio? USD/SFr/Au - although Miguel over at Heraeus observes that the act of parking in cash on the sidelines boosts the risk of the very W that the markets appear to be dreading here. Kind of like the US government doling out entitlement money to grandmas who then choose to spend the bulk of said dough to travel to Tea Party ralli...