The first geopolitical detonation has happened in the month of January, primarily the overthrowing of the Tunisian government, and the ongoing attempted ousting of the Egyptian government.
My knowledge of that part of the world is very limited, but I do know that part of Northern Africa should affect Europe much more than it would affect Canada or the USA. However, one has to ask themselves what the secondary or tertiary effects of what we are seeing – and right now, I have no idea other than to watch and wait.
I have sufficient idle cash in the portfolio that if the markets decided to crash, I would be relatively well-positioned to start looking for pricing inefficiencies.