Sunday, March 2, 2014
Monday, Monday, can’t trust that day…
Curiously, investors/traders in the Guggenheim/Rydex funds that I track piled more money on the long-side at the close with 78% (nearly 4 to 1) betting long even after the Ukraine crisis began and was widely publicized. That would seem to indicate that the markets might shrug off a return to cold war Russian aggression. I doubt it though. Markets don't like uncertainty. In the end, Russia won’t give up its seaports so there is little the World can do to stop them short of war.
It would seem that oil prices will go through the roof if sanctions are imposed so this mess may well cause some economic problems in the long run. Short term, we’ll see.