With the mini crisis averted in Cyprus the world can go back to business. While Cyprus was not a major problem, it did remind us all of the continuing problems that exist in Europe. Most economies in Europe are not growing and many are still in recession. Cyprus, while problematic, is one of many mini crises we shall see over the next year. European leaders have not truly addressed their problems and it is only a matter of time before another one of these issues will come to the forefront. Here in the U.S. , the economy is showing signs of slight improvement, but from our perspective, the equity markets are technically ahead of themselves and a pull back should happen at some point. Whether it is triggered by a crisis in Europe or the Middle East it is inevitable that something will be the catalyst to take markets lower over the next 6 months.
