Thursday, March 29, 2012
By Paul Martin

Rob Wile

If you want to know what’s really going to set off the long-awaited Eurozone meltdown, look to the Lusophones.

In his first note to investors back from his trip to Europe, Cumberland Advisors’ David Kotok writes he’s only grown more pessimistic on the situation, citing runs on Portuguese banks.

“In my view, the situation in Portugal is unraveling. This may be the second shoe to drop in the European sovereign debt saga. Now that Greece has paved the way, the speed of unwind with Portugal may be much faster. I do not believe the markets are prepared for that.”

The Rest…HERE

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