Monday, May 28, 2012

Bankia Shares Still Falling

I know I should short Bankia shares, but not having traded open stock in ten years I'm too lazy to do it now.  They continue to fall, and the politics is mirroring Anglo.  The only difference this time is that Spain is so big, important, and relevant (unlike Ireland) that European leaders may once again revisit their comfort zone of double standards, moral hazard, and down-the-road-can-kicking and step in to articifially support the Spanish system.  At least until after French elections. Right?

I'll get my coat.

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