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.

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.

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

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

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The Russian drug lords must be angry!

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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!