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Russia heads lower on Cyprus news
3/18/2013 9:40:00 AM
By: Emerging Money
), the market with the most exposure to Cyprus, traded hard to the
The Micex looks vulnerable to after
After years of watching this market closely, this is not a dip that I'm ready to buy. Putin will be littering the tape with caustic remarks, but more importantly, the EU and the IMF knew they were hurting wealthy Russians with Cypriot bank accounts more than any other group. Lots of oligarch money and large industrial group money is kept in Cyprus.