Safety Not an OptionAll this noise about Cyprus makes me sick. Last week must’ve been a ratings killing for the media and Wall Street. The surefire way to attract eyeballs is to show a big fire or lineups at a bank.

Last Thursday, when the banks in Cyprus opened and all the media and headlines were doom and gloom, the stock market closed at a record high. Hey, I’m not saying that the problems in Europe are no big deal, but c’mon. Fear and panic—the combination works every time.

Cyprus is a tax haven. It took in billions and invested in Greek bonds. Now it has to pay. Governments have seized deposits before, and they will do so again. There’s way more to this story than what meets the eye: Russia.

I don’t know what’s going to happen, but corporations are fairly priced and Wall Street is buying this stock market. If the euro currency is going to crash, it’s going to crash. Don’t put your money there. Keep it in U.S. blue chips, cash, select real estate, and gold. Johnson and Johnson’s (NYSE/JNJ) dividend is safer than a bank anyhow.

When I was in Amsterdam, the “Occupy Wall Street” love-in was going on. Like Wall Street, it was one big party—a good one too. This guy on a street corner was holding a sign that said, “Say no to growth.”

But the problem is the alternatives. Socialism? Europe proves it doesn’t work, because it’s totally broke. Communism? Equal misery for all. I’d rather have the stock market at record highs and the Fed helping Wall Street over the alternatives. I know it’s not perfect, but perfection is for the afterlife. (See “Breakouts All Around; Final Countdown or the Beginning of a New Cycle?”)

Would some politician, any one, anywhere, stand up and make a tough choice? I am sick and tired of this ongoing uncertainty. If Cyprus, Greece, Spain, or Italy are going to fall, then let’s get it over with. Take the pain (I’ll send a donation), and get things moving forward.

The euro currency really consists of Germany, France, Holland, Belgium, Austria, and Finland. Let the ones behind the eight-ball drop out. They can rejoin later.

It wouldn’t surprise me at all if some players on Wall Street are financing a big trade on this. The euro currency has been declining for years. It might come apart. But life must go on.

Right now, the stock market is still looking pretty good. Wall Street and institutional investors are buying this stock market. The Fed wants you to buy this stock market. Big U.S. banks don’t care, because they don’t have to.

Wall Street is making money hand-over-fist in this stock market. The only thing that matters is how you play it and what corporations say about their businesses. It’s time for some tough choices, and it’s time for politicians to stand up.