Monday, May 12, 2014

News - Daily Summary

The results of the referendum in Ukraine are supposedly in. Separatists claim that there was close to a 75% turnout and nearly 90% voted for self rule. The U.S. has stated that it does not recognize the election (I think the same was said of Crimea). Russia has basically been neutral making general statements that people should have the right to self determination and that Kiev and the two regions should have talks. So the vote happened, the regions voted for self rule, and nothing else has occurred. I don't think anyone knows what to do. Time will tell us what will happen. There were no other major developments across the globe.

In the U.S. stocks rallied. The DOW and S&P 500 reached record highs. It's easy to reach new highs when you are the only game in town, but can you keep growing? Oil was flat and gold was down a it. Colorado had three feet of a Spring snow today. Other than the usual murder, mayhem, corruption, trivialities, and tragedies, there were no other major developments in the U.S. today.

It was another day in the calm before the storm.

What do you think?