The Cyprus Disaster Zone Reopens

[MIS]

Ergens gelezen

In fact, it looks like the biggest stock market collapse in all of history as measured by an index. Our abacus confirms that the decline since the 2007 high now amounts to – hold on to your hat – 98.2%. Or putting it differently, anyone who bought the top has 1.8 euros left of every 100 euros he put in (provided he bought a 'well diversified' portfolio not overly concentrated in the biggest losers). And if he recently sold, then potentially 60% of that just got destroyed in a depositor haircut, so a possible worst case scenario is that he has now only 72 cents left.

http://www.acting-man.com/?p=22475