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More on Cyprus: The country's finance minister - Michalis Sarris - has submitted his...

More on Cyprus: The country's finance minister - Michalis Sarris - has submitted his resignation, reports both Bloomberg and CNBC. He looks to be the President's fall guy for accepting Brussels' weekend demand for the bailout to be taken out of the hides of bank depositors. (Previous: The bailout - as currently formulated - looks doomed) Spain (EWP) leads on the downside for Europe, off 2.4%.
Comments (4)
  • Now if Ben only had the class of Sarris and also resign.
    19 Mar 2013, 12:14 PM Reply Like
  • Obviously, a lot of people who engage themselves in the stock market must be certifiably nuts, as today's action demonstrates. Whatever happens in Cyprus, including its complete immersion by surrounding seas, has nothing to do with anything. If folks wish to focus on that, rather than data, like today's retail and housing reports, then, have at it.


    For those with a shred of sanity remaining, time would be better spent looking for buying opps in panicky sell-offs of banking stocks and other names.
    19 Mar 2013, 12:27 PM Reply Like
  • Bruce Krasting: "There is a chance that something can be done to stop what looks like a slide into an abyss. Those chance are now well below 50-50. The markets / seers are calling for a soft landing, while at the same time that outcome is looking less and less likely. The markets seem poorly positioned for what could result in a crisis. And this story is running at hyper speed. That's a very bad combo of events. Seat belts on - Impact Imminent!"


    Your only hope, Tack, is double QE. Fake housing report was seasonally adjusted eyewash.
    19 Mar 2013, 01:41 PM Reply Like
  • I'll just stand back and watch the lemmings run around aimlessly. People simply never learn.
    19 Mar 2013, 01:48 PM Reply Like
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