"We might actually have a STD (sell-the-dip) situation brewing" in regards to Cyprus, writes...
"We might actually have a STD (sell-the-dip) situation brewing" in regards to Cyprus, writes Jefferies' David Zervos. Even if the bailout is approved, Thursday's reopening of the banks is going to see billions in withdrawals, he writes. Unless the ECB violates every collateral rule it has, the Cypriot financial system is poised to collapse.
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