IMF Marxists Tax and Seize Personal Funds in Cyprus – Crickets Ensue

Noisy Room ^ | 3/17/13 | TMH

[Farmer Dean]

“Be very,very quiet,I’m hunting bankers.” E.Fudd.

[blueunicorn6]

Where are Soros and Putin in this?

[SAJ]

You're not looking at the right mkts OR at the right time, mate. As I type this, EUR is down 2.2% vs JPY, 1.0% vs USD, 1.1% even vs. Sterling. Bar some sort of fluke, the price of Brent tonight will be higher, too, something like 1.5% (in dollars; more than that in Euros).

The DAX and CAC are going to take a ferocious beating tomorrow. Kickoff is 3 AM US time...in other words, crude and Euro shares aren't even open yet.

Never cite "what markets are doing" when most of them aren't even open, ok?

Cyprus is no more and no less than a trial balloon for the EU and its banking cartel masters to see if it can get away with outright confiscation of depositors' funds. The rubbish about Russian "hot money" and "oligarchs" is just that: rubbish. The Russian "hot money", the vast bulk of it at least, has been on its way to other jurisdictions for at minimum 60 days.

Good trading to you...but DO NOT be long EUR this evening into tomorrow. Likely, US Trasheries (that's 'bonds', for those in Rio Linda) will do nicely tonight, as will Brent crude. Gold/Silver? Either direction, whichever way fear and greed push them, esp. tonight. I would **GUESS** higher, but would not trade them on the basis of a guess.

Short EUR vs anything tonight, long Brent at least until tomorrow noon, long US 10-years. Short DAX and likely also S&P (better still, buy 30-day puts on them).

And sleep very, very soundly.

[Para-Ord.45]

“You’re not looking at the right mkts OR at the right time “

I think I was and still am and, the markets are simply not worried.

Right now, about 1 hour before the FTSE/DAX/CAC close they are not even down 1%, -0.35 to -0.45 % . Au hasn`t budged, only up a tick at +0.90%.

All this tells me that we are both looking at the same wrong things.

The markets are now a reflection of Statist government. It now does not reflect reality but reacts based on what central banks are told to do by Statist governments. The market priced in the Cyprus confiscation as part of the price of belonging to the EU and it`s centrally planned economics.