So as many of you slept (at least in America) many of us over here in Europe watched as the markets fell after passage of the bailout. Really no shock there considering it took so long. It will be very interesting today to see how the follow through is for some of the markets and key commodities.
Credit remains my biggest concern followed by jobs. It could get very ugly indeed this fall. I recently was one of the keynote panelists at the Taranto economic Forum in the South of Italy last week. It was very enlightening to hear from a group of Europeans and their take on the situation. Here is a TV promo of the event.

http://it.youtube.com/watch?v=lKizGJb2VRs

So today I am working on a big mailbag update issue and also looking at another trade, but being somewhat cautious. Very choppy out there. I am also going to take a little time today too and enjoy the last couple of days of vacation that I have. I will also be posting additional mail here in a later update along with my promised video from here in Venice, stay tuned.