Despite the best efforts of the straight-line panic buying algos on a Tuesday, it seems flashing red headlines of dreadful escalations in Ukraine (more deaths), from Bloomberg:
- 11 REPORTED DEAD DURING UKRAINIAN OPERATION IN KRAMATORSK: RT
- UKRAINE GOVT: RUSSIAN 45TH AIRBORNE IN SLOVYANSK, KRAMATORSK
…and USDJPY tagging 102 again (of course) were enough to spark the manic idiocy of markets from buy-buy-buy to sell-it-all-Mortimer… So much for yesterday’s “see it’s all good now” ripfest… The Russell 2000 is back at yesterday’s lows and NASDAQ is back under 4000.
Wondering why?
“Fun-durr-mentals”
However, there is still hope:
- RUSSIAN PM MEDVEDEV SAYS HE HOPES UKRAINE AUTHORITIES HAVE “ENOUGH BRAINS” TO PREVENT ESCALATION OF CONFLICT
If by Ukraine authorities he means the CIA, he is out of luck.
via Zero Hedge http://ift.tt/1hRu3ix Tyler Durden