Bank of Cyprus? Honey Badger Market Don’t Care

michael vodicka

 By: Michael Vodicka

“As long as the market gets more of its easy money, stocks will continue to rise.”

If you thought the Bank of Cyprus trying to tax savings accounts would scare the market a little bit, you were dead wrong. Go ahead and include me in that category. I always thought that property and asset ownership were the most basic human rights, where we don’t have to worry about someone, much less the government, unilaterally deciding they will be taking our possessions one day. In this case cash.

Try explaning that to the feudal lords of Europe, who have basically turned minority EU countries into nothing but debt slaves for the rest of their lives in order to prevent a defection from the Union.

But hey, what do I know?

Apparently not much, because the market could not have cared less about the whole thing. But eventually, that will change. It’s only a matter of time before the EU implodes in a fiery ball of flames. And when it happens it will be ugly.

In the meantime, the only thing the market cares about is more easy money from the Fed. As long as the market gets more of its easy money, stocks will continue to rise. And that’s exactly what’s been happening with the Fed pumping $85 billion into the market every month to juice liquidity.

That’s why stocks are having a great year. The S&P 500 is up 6.5% going into the last week of the first quarter after logging a 10-day win streak, the longest since 1996. So obviously, the market doesn’t seem real concerned about really anything going on in the world other than the Fed printing more money.

And that’s fine. Because me and my clients are cashing in: Big Time. We’re sitting on huge gain from just the last 12-24 months. Here is a list of our favorite stocks and some of our biggest winners.

  • Biogen Idec (Nasdaq: BIIB) +105%
  • Kansas City Southern (NYSE: KSU) +98%
  • Celgene (Nasdaq: CELG) +73%
  • Visa, Inc. (NYSE: V) +55%
  • Amazon, Inc. (Nasdaq: AMZN) +54%
  • Google, Inc. (Nasdaq: GOOG) +30%
  • Intercontinental Exchange (NYSE: ICE) +30%
  • Stryker Corp (NYSE: SYK) +30%
  • Ingredion (Nasdaq: INGR) +27%
  • Costco (Nasdaq: COST) +26%
  • Amerisource Burgen (NYSE: ABC) +25%
  • Healthcare Sector ETF (NYSE: XLV) +24%
  • Wal-Mart (MYSE: WMT) +24%
  • Apple (Nasdaq: AAPL) +16%
  • Bunge Ltd (NYSE: BG) +16%

So thank you Ben Bernanke and the easy money Fed. Because you have made my job a lot easier.

Looking forward, nothing really matters. Just as long as the Fed keeps its foot on the pedal, which it will, stocks will continue to rise. End of conversation.

That’s all for this week. But until next time, here is some more coverage of the Cyprus Bank’s attempt to tax savings accounts from the brilliant and enlightened minds at Zerohedge.

Cyprus Deposit Levy Vote Delayed As Up To 70% Deposit Tax Contemplated For Some

Your Investment Partner,

Mike

michael vodickaMichael Vodicka is the president and founder of the Vodicka Group Inc., a registered investment advisor (RIA) that specializes in providing customized investment solutions to individual and institutional investors. Before becoming a small business owner and entrepreneur, he developed fixed-income investment strategies for a multi-billion dollar brokerage firm before managing equity portfolios for a private investment research company.

Michael graduated from the University of Kansas with a degree in business communications and is registered with the State of Illinois as a Licensed Investment Advisor (Series 65).

ABOUT THE AUTHOR

Michael Vodicka

Michael Vodicka is the president and founder of the Vodicka Group Inc., a licensed investment advisor (Series 65) and a financial journalist.