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Takeaway: Take a look at this chart of the Cyprus stock market. It doesn't get much uglier than this.

Investors in Cyprus have been wearing hard hats for the last five years as the market there has been throwing up nothing but bricks. In case you haven't pulled up a chart longer than one-year in duration, check out the five-year chart below.

The official observation from Hedgeye's Inflection Inspection Department? Defibrillator needed.

Cyprus: Defibrillator Needed - Cyprus Stock Market Annotated  3