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Putin cools tensions; futures up 1%

  • A rally is underway after Putin's ordering of forces back to their bases after the completion of training exercises. In his first public comments since the overthrow of Viktor Yanukovych, he called the action an illegal coup but said he'd only send soldiers into the country in an extreme case. S&P 500 (SPY), Nasdaq 100 (QQQ), and DJIA (DIA) futures are all ahead 1%.
  • The Stoxx 50 is higher by 2.2% and Asia posted moderate gains overnight.
  • Russia's Micex is up more than 5%
  • Gold and oil give back a portion of yesterday's gains, each off slightly more than 1%, and Treasury prices give it all back and more, the 10-year yield now higher by six basis points to 2.66%.
  • Index ETFs: SPY, QQQ, SH, DIA, SSO, SDS, PSQ, IVV, VOO, SPXU, UPRO, TQQQ, QID, RSP, DOG, SQQQ, QLD, DXD, RWL, EPS, UDOW, SDOW, DDM, BXUB, QQEW, QQQE, TRND, SFLA, BXUC, QQXT, BXDB, TNDQ
Comments (6)
  • Michael Nau
    , contributor
    Comments (972) | Send Message
     
    Seems like all Obama has to do is wait this one out, financial markets are doing all the work for him.
    4 Mar, 07:10 AM Reply Like
  • User 353732
    , contributor
    Comments (4786) | Send Message
     
    Putin has achieved Russian objectives. Defacto Ukraine is now split.

     

    There will be no unfavorable economic consequences for Russia and positive strategic ones. The US will continue to betray friends and cower before adversaries while Russia will protect its friends, vassals and allies and sneer at the West.
    World oil, gas, credit and currency markets will be no more disturbed and manipulated than they were before the Russian triumph.
    4 Mar, 07:37 AM Reply Like
  • PalmDesertRat
    , contributor
    Comments (2587) | Send Message
     
    Putin got what he wanted and the world is relieved and thanks him for not attacking. but he still holds the Crimea which will undoubtedly be annexed into Russia in due course.

     

    Sounds like the Cuban missile crisis. Deja vu all over again.
    4 Mar, 08:01 AM Reply Like
  • financeminister
    , contributor
    Comments (613) | Send Message
     
    I heard Putin is a good chess player and looking at his recent moves, you can make a chess game out of this...

     

    If Russia was white and Ukraine was black

     

    - Black was very weak to begin with so White got aggressive using his queen (Yanukovych).
    - Queen fell because it went aggressive and cornered itself by pawns (mobs) and bishops (Councillors .i.e EU/US)
    - White sends in the Calvary (horses and rooks) and also pawns (Russian supporters)
    - positions itself on the black side of the board to cramp up exit rows and ranks (military bases, naval ports, airports, borders)
    - Black Queen (usually the US president in all cases) and Bishops (Councillors - John Kerry) draws a line in the sand and threatens major attack with Calvary (Horses and rooks).
    - White king agrees to a draw.
    - Black king (NATO) agrees to a draw.

     

    If this was a tournament of many games, this draw gives white a physiological win over black.
    4 Mar, 08:56 AM Reply Like
  • taxman100
    , contributor
    Comments (246) | Send Message
     
    Very nice.

     

    Russia would go to war over maintaining access to the Black Sea via Crimea, just as they have done for the last 450 years. I know history makes your head hurt when the government schools focus on "feelings" and "diversity", which is why people end up getting killed for no reason.

     

    Putin will pull back, let the EU be saddled with the $35 billion bill to help Ukraine, and he maintains his economic interests without the expense of a bail-out.
    4 Mar, 09:21 AM Reply Like
  • 4343alpha
    , contributor
    Comments (3) | Send Message
     
    Ukraine - The Crimea - Lighten up! But, since the big revolution is over, does the USA get it's $1B returned for something important or did Putin just bluff Obama into funding the faltering Ukraine economy?
    13 Mar, 10:06 AM Reply Like
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