It is the last trading day of the year and no-one will miss the 2011. On the other hand, 2011 probably has been much kinder than 2012 - but how much of the coming real-world carnage has already been priced to EUR, European bonds and CDS-prices? My guess is 2012 will be very, very bad year for people in the real world and less so to people living ahead of the curve - i.e. the markets. I plan to post a special year in review (and preview) during the weekend.
To the links: