Tensions are mounting in Ukraine. Besides the increasing military actions by the government of Ukraine, there is also an increase in rhetoric. Russia is warning Ukraine and the west while the west is threatening more sanctions. There have also been some incursions by Russian aircraft into Ukrainian airspace. Things are getting interesting. Things are still tense in Venezuela, which signed a military accord of cooperation with Argentina (for what purpose?). The civil war in Syria continues. Nothing major happened in the Middle East and North Korea was quiet. South Korea is still recovering bodies from the sunken ferry and the search continues for the missing Malaysian jetliner.
In the U.S. stocks were down sharply today erasing all the gains of the previous week. The NASDAQ was down 1.75% with Amazon down almost 10%. Gold, silver were higher, but oil was down (hey, some good news!). There were no other major developments in the U.S. today.
It was another day in the calm before the storm (but something big is coming).
What do you think?