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To: Hawkmoon who wrote (47809)3/25/2013 5:22:18 PM
From: Harmens1 Recommendation  Respond to of 222156
 
Hawk,

U r absolutely right - the moneys from Europe will find its way to US stocks. It's bullish.

I would like to add more bullish info - Alan Greenspan (remember the "irrational exuberance"?) in the recent interview to CNBC said that stocks are fairly valued in the current market. Zacks (website) also thinks that evaluation is not at the top and there is some room for stocks to grow.

But u r also right to compare this situation with 1929.

We have had the Internet bubble, real estate bubble, derivatives bubble and now the money printing bubble. The last bubble is the worst. European money will only add to the size the bubble and make the final Big Kahuna even more dangerous.



Short term - we are at the beginning of summer doldrums, so I don’t expect a big upside at this time. I am bearish short term.



Medium term (end of 2013) - several bullish and bearish factors will compete. Watch October. It’s window dressing time for mutual funds.



Long term - bubble could burst in 2014.



People in my tennis club started to talk about the ways to park their money in a safe place. They discuss real estate, gold, art, multiple small accounts, etc. They have never discussed this issue before the Cyprus.



Regards



Harmens






To: Hawkmoon who wrote (47809)3/25/2013 6:39:23 PM
From: Fintas  Read Replies (1) | Respond to of 222156
 
Bernanke's goal was to avoid 1929. He has succeeded.

That doesn't mean at some point there will not be some decent waves thrown at our shores to have them talking about recession or inflation.. Just means 1929 will be avoided.

As for European money I've said it about 3 times now. WHEN the crap was hitting here. DID you put your money in EUROPE?. OR did you sit and exploit opportunities here. ME..I kept it here. People tend to keep it in their own back yard UNLESS they see an opportunity to take over anothers back yard. That was the attempt in 2008-2009. They failed. Now it's our turn to exploit their errors. As we have been. Yet while doing so not cause them to collapse.

Fintas



To: Hawkmoon who wrote (47809)3/25/2013 9:43:47 PM
From: Brian Sullivan  Respond to of 222156
 
Big Depositors in Two Cyprus Banks Face Freeze
LONDON—Big depositors in Cyprus's two main banks could be separated from their money for a long time.

After rejecting a proposal to tax bank depositors to pay for a bailout, Cyprus—with a sharp push from its euro-zone peers and the International Monetary Fund—will instead put one bank through a kind of liquidation and radically restructure the other.

As a consequence, even if Cypriot banks reopen from an extended holiday this week, big depositors will likely find they are still stuck. That is especially true of those who put money with the second-largest lender, Cyprus Popular Bank PCL, which is being closed down.

Winding up a bank takes time: Deposits and other liabilities are converted into claims on the bank's assets. Liquidators sell the assets and repay the claims piecemeal.

"This is not going to be sorted out quickly," says Graham Bishop, a financial consultant who has advised European Union institutions. "You might get the first 10% in a year or so."