Holidays - yay! A very complicated year draws to a close and we are all taking time off. The markets delivered a fine Santa rally in the closing days before Christmas as everyone just got fed up with the nagging issues of the Eurozone. In the US the economy continued to self-medicate with a long series of above-consensus data coming out over the past few months. Labour data in particular, key to any sustainable recovery, has surprised on the upside and there is a good chance of another 200 plus private payrolls release some time in the next month or two. But we must stay vigilant for disaster-myopia - the natural human desire to relegate thoughts about a major market dislocation to the nether regions of the brain. Europe remains on course for disaster. Back in SA the touring Sri Lankan cricket team is in the process of extracting revenge for the crushing defeat in the first test by building up an unassailable lead in the second test in Durban. It looks like they'll win this one, meaning that the decider in Cape Town in the New Year could be a nail-biter. New Year's test match in Cape Town - ahh such great memories over the years! The pic is from a QSL from the Ceylon Broadcasting Corporation, heard in Cape Town in 1971 on shortwave 19mb.
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