In the shadows of the Spanish crisis, Portugal is moving forward with its reforms and the market has rewarded the country with a plunge in its 5-year CDS price to 447 down from its peak at 1,500. Most interestingly it is very close to break below Italy's. Is this a signal to jump on the PSI 20 Index (Portugal's main stock index) together with Marc Faber? PSI 20 is trading at 5,390 below its 2009 low and close to the bottom from 2002. The current dividend yield is 6%