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Stock futures slide, but are off the lows following news of Cyprus' proposal for a one-time...

Stock futures slide, but are off the lows following news of Cyprus' proposal for a one-time tax on bank deposits as part of a Troika bailout. Dow -0.5%, S&P -0.8%, Nasdaq -0.95%.
Comments (6)
  • Cyprus' economy is ~$18B Euros. Seems reasonable that they can cause global markets to plunge.

     

    Buy on panic, right?
    18 Mar 2013, 06:33 AM Reply Like
  • better be real careful, things are very unsettled out there, I would more have my finger on the sell button save for Precious Metals. I would have my finger on the buy button on PM's NOT Palladium nor Platinum just now. purely gold and silver, with a very heavy bias on silver.
    Capt. Brian
    The Lost Navigator
    18 Mar 2013, 07:04 AM Reply Like
  • Best line I heard today on it: "Well I guess you don't prevent a bank run...by STARTING one." LOL.

     

    I wonder if deposit (and IRA/401k) taxation will be coming to the US sometime soon....
    18 Mar 2013, 08:04 AM Reply Like
  • Just when I think about, here comes zerohedge with my answer...

     

    http://bit.ly/WTsPQj
    19 Mar 2013, 11:33 AM Reply Like
  • And another country?

     

    http://bit.ly/XnGk5E
    19 Mar 2013, 02:57 PM Reply Like
  • Imagine how much renewable energy and social justice could be created with a 12% wealth tax on US banks. Brilliant! Obama must be thinking why he didn't think of this first.
    18 Mar 2013, 08:19 AM Reply Like
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