Futures rally post-Crimea vote

A higher opening looks to be on tap, with S&P 500 futures up 0.5% and Nasdaq 100 up 0.6% following Crimea's overwhelming and expected vote to secede from Ukraine. Calling the referendum illegal, the U.S. and EU warn Russia against moving to annex Crimea, and today mull sanctions.

Europe's up 0.75% and Shanghai gained 1% overnight.

Nearing $1,400 per ounce in overnight trade, gold has backed off a bit, up just a couple of dollars at $1,381 per ounce. The 10-year Treasury yield is higher by three basis points to 2.68%.


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Comments (10)
  • dacama1
    , contributor
    Comments (221) | Send Message
    a fait accompli
    17 Mar 2014, 06:57 AM Reply Like
  • bbro
    , contributor
    Comments (11240) | Send Message
    Russia gets Crimea's rich tourism deposits....
    17 Mar 2014, 08:05 AM Reply Like
  • User 353732
    , contributor
    Comments (5168) | Send Message
    The political geography of the world will change quite markedly in the next 10 years: as it does every century.
    Russia has gained Crimea but in another 10 years might lose Siberia as the majority ethnic Chinese demand that Siberia joins China.
    Other Russian provinces will also seek to secede while ethnicity or culture or shared values as an organizing principle spreads to every part of the world. China may gain Siberia but lose Tibet to India and its Muslim areas to Central Asia while Kurdistan becomes a reality.
    Spain, France, Italy, the UK face political fragmentation as do Canada and the US.


    India with its successful model of local ethnic and linguistic diversity within a national unity (based on a continuous culture that is now over 10,000 years old and functioning participative democracy) may be the model for large populations and Switzerland with its direct voting by Citizens on national issues may be the model for small populations.


    The economic consequences are imponderable but may actually be positive for billions of ordinary people but negative for the corrupt elites that now control every large polity and economy..
    17 Mar 2014, 08:05 AM Reply Like
  • Windsun33
    , contributor
    Comments (4440) | Send Message
    Even if Crimea does eventually end up as part of Russia, I seriously doubt that things will go as smoothly as Putin thinks or hopes. And I don't really see any of the other changes you predict in the near future. Siberia has been part of Russia for a long long time, and India is a LOT less cohesive than you seem to think (not to mention almost totally ungovernable under the present system of mass political corruption and ethnic diversity).
    17 Mar 2014, 08:14 AM Reply Like
  • zigazaga
    , contributor
    Comments (148) | Send Message
    Sounds very optimistic, but it looks a half-hearted rally so far, with the Dow having dipped below 16000 to 15978 in early futures trading... It's only at 16134 and it's only Monday... 1 hour to go now...
    17 Mar 2014, 08:25 AM Reply Like
  • zigazaga
    , contributor
    Comments (148) | Send Message
    DJI now at 16248 and it's now a big fat green candlestick - will it hit a new ceiling at 16300 or carry on through to 16500 and up? In the remaining 6 hours... The bears growl and go back to hibernation...
    17 Mar 2014, 10:11 AM Reply Like
  • cindstamp
    , contributor
    Comments (6) | Send Message
    How long will it take for Obama to walk away from the issue?
    17 Mar 2014, 08:29 AM Reply Like
  • Taibucko
    , contributor
    Comments (168) | Send Message
    I guess that historians will have a field day when they separate the fact from fiction in this little saga.
    17 Mar 2014, 08:33 AM Reply Like
  • justaboutthestockprice
    , contributor
    Comments (4) | Send Message
    There isn't much volume today. Mostly short covering. Bears will be back tomorrow. Don't get burned this time buying on the dips. Wait on the bigger dip coming later this week.
    17 Mar 2014, 11:35 AM Reply Like
  • Physical Receipt
    , contributor
    Comments (1012) | Send Message
    Putin will rue the day of violating the treaty Russia signed in 93'. Sanctions will sink the Russian economy big time. His popularity though temporarily up will be dropping soon. Nothing like a bad economy growing considerably worse to put the current regime on the hot seat..nationalism is nothing more than primitive tribalism. The plague of every continent the North American included...
    17 Mar 2014, 11:12 PM Reply Like
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