Global Correction Was Coming....With or Without CYPRUS !!!

Fundamental Attribution to Price Movement is Nothing But Mental Masturbation For Intellectual Satisfaction......

World over crises calls are back now with Cyprus. Crises is something which investors have loved since 2008-2009. If Obama farts, it would be termed farting crises. Before we get into latest crises, lets run through few numbers of poor thing which is blamed for current (today's) market fall.

Few Data Points on Cyprus

If only Cyprus had Money Printing Magician Called Ben Bernanke....Problems would Vanish like intelligence from Market Experts...Magician Ben creates $85 bn a month from his magical pocket for US...This is what Ben the Magician can do for Cyprus...

1) His less than 10 day's of work could buy Cyprus yearly GDP...Since Ben Bernanke is hardworking...we assume that he works daily...his daily output is $2.8bn ($85bn monthly)

2) Bernanke's 13 hours of work could buy Cyprus's stock market (Bernanke's GDP is $ 118mn/Hr)

3) Bernanke's month's work could refill Cyprus banking system i.e. deposit base could be doubled

Bernanke could erase Cyprus's problem with blink of an eye but then not every country is lucky to have Ben the Bernanke. Such Genius is born once in a millennium and US is having its millennium moment.

Global Correction was due....Cyprus is for intellectual comfort

Basic point is Global correction was due since price action in Dow-S&P was not confirmed by many other inter-market factors. Cyprus happened and markets have now got reason to understand the correction. (Fundamental attribution to price movement is nothing but mental masturbation for intellectual satisfaction)