Posted on 03/18/2013 11:21:46 AM PDT by Kartographer
In fact, U.S. stocks might be solidly in the green now if it weren’t for another development that bears watching: Weakness in financials.
Monday's slide is also being attributed to Cyprus, which has revived fears of "contagion" emanating from Europe and the related counterparty risk faced by banks. But bank stocks were under pressure before the Cyprus "bail in" hit the headlines.
Starting late Thursday, the financials had a really bad weekend when a Senate report found JPMorgan had misled regulators (and investors) in its disclosures surrounding the now infamous London Whale trade.
(Excerpt) Read more at finance.yahoo.com ...
The rest is comprised of many Muslims and other out-of-towners who took advantage of European policies to make money on real estate. I don't see much of a problem with this action.
I find that Daily Ticker hyper-ventilates often. They make mountains of molehills more often than not.
Why the Cyprus Bail In Is a Bigger Deal Than You Think
http://finance.yahoo.com/blogs/daily-ticker/why-cyprus-bail-bigger-deal-think-141844378.html
The furious response along with death threats from KGB Russkie gangstery types is causing furious backpedaling already.
I actually think the ECB has stepped on their own bratwurst.
I fear you may be correct.
LLS
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.