"I would not short Italy at all," says IMF chief Lagarde, heartened enough by developments there...

|By:, SA News Editor

"I would not short Italy at all," says IMF chief Lagarde, heartened enough by developments there and the rest of Europe to give investing advice. One is reminded of then ECB President Trichet's July 2011 tip that speculating on a Greek default would be a sure-fire loser. (h/t Bond Vigilantes)