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.
