Well, when handing out free money, expect a line to form.
Cyprus is the next in line, but, they’ll have to wait until their elections are done and find a more agreeable fellow to beg for the money and jump through the hoops for the ECB. The current head of state is a communist, so he’s not very agreeable to making state owned things privatized.
Some Germans have some tough talk about Cyprus having to make some changes before they get any money, but, we know Cyprus will get the money. I think it’s just political posturing.
Cyprus sought financial aid – which could be up to 17.5 billion euros ($22.6 billion), equal to its entire gross domestic product – from the European Union and IMF last June. Its economic woes stem from its banks’ heavy exposure to crisis-racked Greece.
Russia has been very friendly with Cyprus, offering them soft loans to help bail them out.
Perhaps they think they’ll need a new naval base quite soon.
“Cyprus holds presidential elections on February 17 and 24 ”
Uncanny. My models continue to tell me to get out of stocks on Feb 9. They are entirely chart-based and get no info about news or politics. The get-out-date is stable for more than half a year now based on charts from USA and EU over the last 3 years.
Northern Hemisphere winter makes one-world-government socialists sleepy I think. Strong seasonal correlation.
I think I’ll be out before then. I might miss a bump, but, it’s time.
For the moment it works very well. BUT, I am mostly in german / Austrian stocks – they currently beat the S&P ; and two thirds of the stock charts I use for training are German as well.
So the best date might be different for American stocks.
Right. I expect a bump in the market soon, but I also expect that sometime in the first half of the year some financial realities are going to be made apparent, and the markets will get real skiddish.
“”As matters stand, I cannot imagine that German taxpayers save Cypriot banks whose business model is based on facilitating tax evasion,” SPD chairman Sigmar Gabriel told the Sueddeutsche Zeitung daily.”
NOW, the SPD promotes Euro-bonds and sharing the Eurozone debt. BUT not for the COMMUNIST govt of Cyprus as Cyprus “facilitates tax evasion”… Ho hum! What was that with proletarian solidarity?
Lol, they’re not united like they’re suppose to be!!!
Here in UK John Ward has been bloggin about Cyprus Russia and Syria for a while (http://hat4uk.wordpress.com – note John often writes about several things in the same post so you may have to scroll down)
In no particular order firstly it seems a lot of oil and minerals have been found between Cyprus and Israel http://hat4uk.wordpress.com/2012/10/04/greek-aegean-bonanza-new-study-confirms-potential-greek-wealth/
Tartus is an important Russian port in Syria and it seems whilst Nato have been putting missles in Turkey Russians have been putting missles in Syria point at Turkey http://hat4uk.wordpress.com/2012/12/19/smoke-signals-20/
http://hat4uk.wordpress.com/2012/12/19/smoke-signals-20/
And cypriots get loan from Russia http://hat4uk.wordpress.com/2012/06/21/cyprus-shock-for-brussels-troika-as-putin-bids-to-create-another-cuba/
surely these things can’t be connected?
And just how far from Syria is Cyprus anyway?!
cheers
Jeremy