Tuesday morning

And so are the Russian deposits ...

If Zero Hedge is correct, the deep pockets of the oligarchs will not be picked to save the Cypriot banks.  Seems that subsidiaries were left open with no limits on withdrawals so ..... poof!  On the bright side (assuming there is one) if they have no deposits then they should not get any ownership in the recapitalized banks.  That would mean the folks that could not get their money out and suffered the big hit could come out OK in 5 or 10 years and ... uh Gator ... put down the bowl, son. That's a pipe dream.

Monday afternoon

Passover begins at sundown today.  Back in the days when humans actually traded the markets, we could expect a slowdown in volume in the afternoon as traders knocked off early for the festival.  Computers are probably not observing, however.

Monday morning

So, you had money in a bank in Cyprus ...