Cyprus is a non-event -- Russian tax dodgers & money laundering. Cyprus should easily be able to renegotiate the tax levy to 3% on deposits at or under 100,000 euru and 12.5% over that. 3% is only one year of the current interest rate. (Amazing that they are paying that much.)
"Get you cash ready"? Aside from the spelling, yea, I agree. If we see a dip, it should be a buying opportunity.
Hi, Wayne: You got me on that one. These days with the new Yahoo format, one can no longer proof read the messages before posting.
Cypruse may create a domino effect. Some time one weak card falls, no matter how insignicant it may appear at first, may rock the whole system. Who will be next, Italy? The whole mearket is waiting for something BAD to happen as an excuse to sell off. The market actually did not drop as bad as I expected this morning, to me, that is a worrisome sight because there were still too much greedy money out there, still buying like tomorrow. The higher it rises, the harder it will fall. J