cyprus now stable; asian market agrees! | TigerDroppings.com

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matthew25
Ole Miss Fan
Member since Jun 2012
3359 posts

cyprus now stable; asian market agrees!


asia up 1.5% so far.

us futures up .3







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LSUTigers00884
LA-Lafayette Fan
Lafayette
Member since Oct 2011
739 posts
 Online 

re: cyprus now stable; asian market agrees!


Where do you follow the Asia market? Thanks.





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matthew25
Ole Miss Fan
Member since Jun 2012
3359 posts

re: cyprus now stable; asian market agrees!


Go to Wall Street Journal. Market Watch is at top of page.

I was thinking Dow would be up 30-50 points today.


BUT, U.S. markets off 112! The 2 banks, 2 oil and gas, 2 pharmas, and Mickey D's are taking a hit.






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goodgrin
LSU Fan
Atlanta, GA
Member since Nov 2003
1191 posts

re: cyprus now stable; asian market agrees!


quote:

cyprus now stable




Cyprus's economy is crashing and going to cash transactions only!

Cyprus may drawf the 2008 collapse

Cyprus triggering bank runs in Europe






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TxTiger82
LSU Fan
Madison, WI
Member since Sep 2004
22494 posts

re: cyprus now stable; asian market agrees!


Yeah that's not what I've been reading. Everything I've read suggests that European investors are getting antsy about the precedent the Cyprus bailout might set.

Nobody gives a frick about Cyprus. But if they go taking money straight out of Spanish or French banks the Europeans market will tank.






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matthew25
Ole Miss Fan
Member since Jun 2012
3359 posts

re: cyprus now stable; asian market agrees!


Goodgrin - can you find a reputable publication to cite? I, too, buy silver, but never depend on their POV on the markets.





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matthew25
Ole Miss Fan
Member since Jun 2012
3359 posts

re: cyprus now stable; asian market agrees!


Japan finished up 1.7% on Monday, based on Cyprus agreement. Just starting off Tuesday down one-half percent after some knucklehead said that maybe Europe will handle all fiscal crisis in similar manner - raid bank deposits.





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joshnorris14
Florida Fan
Florida
Member since Jan 2009
21176 posts

re: cyprus now stable; asian market agrees!


quote:

some knucklehead said that maybe Europe will handle all fiscal crisis in similar manner - raid bank deposits.


Dieselboom. Cyprus delaying bank openings again until Thursday. They are going to bleed by the end of the week.






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matthew25
Ole Miss Fan
Member since Jun 2012
3359 posts

re: cyprus now stable; asian market agrees!


So banking system has been down for over a week?

The Russian drug lords must be angry!






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Blakely Bimbo
Alabama Fan
Member since Dec 2010
1064 posts

re: cyprus now stable; asian market agrees!


quote:

The Russian drug lords must be angry!


There is speculation that the well connected Russians got their money out and had a heads up.

Look for the money to have gone to Hong Kong, The City of London, Luxembourg, etc. If you see the ECB having to put in more money, then that is confirmation.

I feel very sorry for the people of Cyprus.

How in the world are European business' going to be able to trust the banking system to clear payments? They should have just let Greece go and ring fenced the rest of the Med. What a cluster!






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