Trading journal 17Mar2013

• Stupid bailout plan for the Cyprus, hypothesis: small market sell-off in the Euro, but the confidence is still resilent. The market prices in a stable solution to the Euro, which I believe is not gonna happen
• Medium term view: Volatility is going up during the course of the remaining year, around Italy, Greece and possibly Spain. Long Straddle is a viable choice. Before that, market will see a modest uptrend, which I won't even call a bubble but over-optimistic expectation. Euro problem is on its own, hard to justify the performance with its econ data and any other parts of the world.