Cyprus & Argentina

The Dow has most likely reached a temporary top but a close below 14307 is necessary to confirm that. The Cyprus event based upon sources directly there inform us that this seizure was a directive from Europe. It is most likely inspired by Merkel refusing to bail them out because of the Sept elections.

Argentina has seized private pension funds. Governments are resorting to Draconian measures to retain power at all costs. This is not looking good at all.