Last week I wrote: “There’s a lot of pressure built up by both the bulls and bears regarding whatever outcome Cyprus’ government comes up with in the next five days. So thinking that scenario out trading-wise, I still come up rather bearish about the near-term. That is, I could see a sell-the-news reaction if […]
The Fog of War, Economic Version
It’s all Cyprus all the time now. Maybe we should call it Hype-prus at this point. I mean, I can almost hear Jan Brady whining “Cyprus, Cyprus, Cyprus.” Let’s do a link fest to get some global perspective on this whole Cyprus thing. Modern Money: A Study In Confidence and Crisis – “There is one lesson […]
Everything you need to know about banking, bailouts, Cyprus and confidence
Good morning and welcome back to the land of anarchy where contracts and guarantees don’t mean anything anymore. Over the weekend, as I’m sure you’ve already heard, Cyprus and the EU and the IMF (and the US Treasury which is part of the official decision-making body at the IMF) all decided that it was in […]
Trade Alert – Adding some broker puts as tension builds
Tension is building out there in the markets. The bears can’t believe that the markets are at all time highs even with Apple acting like it is. The Google gets a couple analysts putting $1000 price targets on it, and you have to wonder if we’re in for a replay of what happened to Apple […]