“Success is not final, failure is not fatal: it is the courage to continue that counts.” -- Winston Churchill

For the moment, investors continue to see any signs of a sharp market drop as a clear buying opportunity, rather than as a time to panic and exit the market.

In other words, greed currently trumps fear on Wall Street.

Is this a perfect time for a contrarian play or what?

“Nothing like a little judicious levity.”-- Robert Louis Stevenson

A few weeks back, when word hit Wall Street that the Cyprus government planned to impose an across-the-board tax on the depositors of its two biggest banks, the major indices fell sharply and quickly.

daniel / Tag: PSCT, SOXX, FDN, TECL, IGV, SMH, FXL, QTEC, Technology sector, Eurozone, Cyprus, ECB, EC, TROIKA, IMF, European Union, EU, PIIGS / 0 Comments

“Mastering others is strength. Mastering yourself is true power.”  -- Lao Tzu

However the banking debacle in Cyprus plays out over the next few days and weeks, it should serve as a reminder that, economically speaking, much of Europe remains on shaky ground.

daniel / Tag: AAPL, SPX, DJIA, EZU, PSCT, SOXX, FDN, TECL, IGV, SMH, FXL, QTEC Technology Sector, Eurozone, Cyprus, ECB, EC, TROIKA, GDP, IMF / 0 Comments