Is Cyprus the New Lehman?

Russian money will pay the most due to this Cyprus "tax".
Probably, most owners of deposits in Cyprus are mafia.

How Vlad Putin reacted to this news?

 

Ouch down -14.5 on spoos

 

This is why you should be flat going into Friday afternoon.

 

The week after a March triple witch is not pretty!
S+P on major resistance and this news too.

 

No you didn't

 

I went long on your mum on friday evening.

 

You got no money to go long.

 

Not many would admit that here, however; market likely to be gapped down on the open monday morning and go back up so don't panic. (At least that's what S&P generally does last 10 years).

Two weeks from now I will experience this first hand from Europe. I'm taking my camera and maybe get some good shots of the lemmings rioting when ATM empty out. Plan ahead...

Back in '87 when the DOW "crashed" 500 points in one day, this nice young couple (neighbor's child) were so freaked out they liquidated because they needed that money for a down payment on a house. They couldn't be disuaded and were even more devasted when that turned out to be the bottom.

Woody

 

Tell us more, Woody! My personal favorite is the time you met Tom Baldwin at band camp.

 

OMG!

how is the market down so much. MAKES NO SENSE

I need to average down into this dip. With QE3 theres no way we can go down!