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Cyprus is a Money Haven That is Being Shut Down, while the US Economy Surges Ahead

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CymorFund Stock Picks – What’s-Hot-or-Not
In February 2013, we started suggesting stocks that were undervalued and had a strong upside potential. Most of our early picks were in the junior resource sector, and in spite of a horrific downturn in this sector, we are proud that our picks in this very short time, have preformed very well indeed.

Whats-Hot-or-Not – Historical Picks
February 2, 2013 E Mini (ES – CME) June 2013 $1,496.75, or, IYY ETF     (Picked @ 13,947, now 15,445)
February 6, 2013 Tethy’s Petroleum Limited (TPL-TC)    (Picked @ $0.74, now $0.79)
February 10, 2013 Scorpio Mining Corporation (SPM-TSX)    (Picked @ $0.95, now $0.72)
February 21, 2013 Medicago (MDG-TSX)    (Picked @ $0.54, now $0.54)
March 15, 2013 EMED Mining (EMD-TSX)    (Picked @ $0.175, now $0.165)

As always, patience, will prevail if there is good value.

Investors should always take the bumps in the road with the knowledge that there always will be bumps in the road. Cyprus is one of those unforeseen bumps. A tiny island, where reputed mobsters hid their money, where the banks were renowned as a safe place to hide money away from prying eyes, and where money flowed carefree. This is not an example of what will happen to the financial system elsewhere.

This is a very special case, where the EU knew that it was a waste of money to guarantee and loan money to rescue the banks there. They let those that used this money haven, pay the price of using this haven. More than anything, it is part of the universal crackdown on money laundering and illegitimate hiding of monies obtained under suspect circumstances.

The next time one of these situations arises, remember that the economic strength of the EU rests on its Northern members, and the Southern members joined to get the benefits, and then used that advantage with reckless abandon. The rescuers are the Northern states, who sometimes refuse to be further abused. The European Union remains strong, and is one of the keys economic powerhouses of the world.

A Wider View
Almost all reports out of the USA are pointed in a positive direction- housing starts are up, automobile sales are at or near records, unemployment continues to drop, bank reserves and safety continues to grow, the US $ is strengthening, and the painful ascent out of the abyss is continuing. The stock market is bumping along threatening to break historical highs, and companies have record amounts of cash on their balance sheets.

March 3 2013 Value Investing Professor Jeremy Siegel – Stocks Are And Will Remain The Best Bet

A quote from a guru who foresaw the 2008 meltdown. In an interview with [email protected], Dr. Siegel, a regular contributor to Market and Financial News, stated “Though stock market volatility continues to rattle investors’ nerves, the future looks bright for equities in the U.S. and many emerging markets.”

“That’s not so for bonds, which could become money-losing investments as rising interest rates drive bond prices down. Investors should think about reducing their bond holdings, buying more stocks and keeping just enough cash for a rainy day and other liquidity needs, since interest rates on cash are near zero.

Siegel adds “With the housing market — so critical to the U.S. economy — clearly improving, anyone who has held off buying a home should think about buying now while prices and mortgage rates are low.”

Looking For Further Proof?
How about a quote from “The Economist” Feb 23 2013
BUSINESS people have turned bullish everywhere except eastern Europe, according to a quarterly survey of over 1,500 executives undertaken for The Economistand the Financial Times. Overall confidence, measured as the balance of respondents who think global business conditions will improve against those who expect them to get worse, rose from a dismal minus 11 percentage points in the last quarter of 2012 to plus seven in the first quarter of 2013. That pushes the barometer into positive territory for the first time since the quarterly survey began in 2011.

Fear Attracts Readers
Remember that live in an age of instant news, and news bites of exstremely short duration except for human interest stories which drag on and on. The news media is now quite skilled at bringing every bit of hysteria to our attention immediately – it attracts interest – for a few seconds until the next item.

Investors must take a wider view to join the crest of rising stocks, and not be left behind.

We may or may not have positions in the securities we name. Whether an investment is made in a particular security depends on many factors, including portfolio balancing, timing, cash and capital reserves, asset allocation and numerous other factors. Readers are advised to do their own research and decide in light of their own circumstances, whether an investment is appropriate. Except for the historical information presented herein, matters discussed in this document contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.
The views expressed in this blog are opinions only and are not investment advice. Persons investing should seek the advice of a licensed professional to guide them and should not rely on the opinions expressed herein. This blog is not a solicitation for investment and we do not accept unsolicited investment funds. This report is for information purposes only, and is neither a solicitation nor recommendation to buy nor an offer to sell securities. We are not a registered investment advisor nor a broker-dealer in any jurisdiction whatsoever. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data.


Cyprus, Economic meltdown, EU, European Economic Community, giant upside potential, Investing, junior companies, Russian oligarchs, Stock picks

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