The Cyprus deal has proven nothing but the obvious: there will not be any institutional failures, by any means. If anything, the people will pay for the sins of the few. Therefore, nothing has changed but the day on the calendar. If the market is going to run higher, it will need a different catalyst, other than “hey look, the ass of Greece isn’t defaulting.”
I’m still waiting for my prize, the grande finale, which is coming before tax day.
Let’s see how the market opens, before making observations. Right now, futs are higher, but well off the highs. Nothing special.
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You won’t sell everything, correct? You’ll hold … what?
I won’t sell everything.
Maybe the U.S. not being Cyprus can be a catalyst for a move higher? Look at us. We’re not Cyprus. We’re not even in the EU.
We’re not even smart.