Now back to the Panic at hand. I had a busy five days but managed to get a feel for some of the overseas reactions and this is my summary. For whatever the reason this Cyprus event occurred the facts are it is creating a crisis environment. You will know if it is intentional on the part of the true power by the way it is treated overnite and Monday by the Financial Media. If the crisis atmosphere is fanned then its purposeful they will be fanning the fear atmosphere and expect volatility to escalate in the near term. If the general response from most pundits and anchors is to mitigate the effects of Cyprus then expect a VERY quick reversal of the Cyprus event. I think either way they are going to use this to load the short bus up heavy and crush them for a big pile of change. Either way short term we should get some Volatility to trade on. This is where those of you like Chuck and Hubz can catch a quick hit but you have to be VERY knowledgeable about your downside risk. One more caveat..... don't forget the Russian oligarch money in Cyprus banks.....its no small factor.....THEY don't like to be raped and they rape back.
Of course you may choose to believe this is all random events, in which I again suggest you must assess how stable this system really is? Whichever camp you are in.....this really does reflect the fragility of our economic foundation and just how quickly this quicksand foundation can sink underneath of your paradigm. gl