We have this:
(and many other "fear porns") about Cyprus, Italy, Spain Portugal
... etc. etc. etc. UK ..US ...etc. etc. etc.
That link being about how someone managed to list 132 "Insider
Traders" ... who have moved their Debt Notes out of Cypriot Banks.
So obviously it's panic, panic, panic time!!!!!!!
Or ... is it?
First of all those Insider Traders (being complete Numpties) WOULD
move their "most important so-called asset" at the whiff of the
Cypriot situation ... wouldn't they?
Because they have no other mentality ... do they?
But ... the story goes ... that "THIS ***ALL*** MEANS IT COULD
As in: "IT COULD HAPPEN TO YOU ... IF YOU DON'T DO WHAT THOSE
OH-SO-SENSIBLE TRADERS DID!!!!!!!!!"
But now lets ask the question: If that's the case ... if it could "Now
happen anywhere!!!!" ... then where did those Inside Traders
move it to?"
Or: "Did they just completely waste their time, simply because
they were Numpties?"
Because - if it could happen anywhere - there's no place to move
anything to ... is there? Nowhere that's 'safe', I mean.
IN POINT OF FACT ... when I last checked earlier today ... the
situation in Cyprus hadn't - actually - changed very much.
Still threats ... of course.
BUT NO ACTUAL "ACTION" ... well ... none that I detected.
And, as far as I'm concerned: "The show isn't over ... until the
Fat Lady sings".
When the Fat Lady sings, then is the time to assess any
bridges that need crossing ... and any panic that may be
The Cypriot Constitution, btw, says "Banks can't do that sort of
thing" (But, of course, that may not make any difference ...
but shall we see if it does ... before heading for the hills?)
Up to you, of course. But if there's 'nowhere safe' ... what are you
going to do?