This is reminiscent of 2008 bank bailouts whereby each afternoon CNBC entreated us to market moving rumors that almost always turned up false. Today markets were running ahead of this leaked news, a set of headlines I find every hard to believe.
-Ukraine has to give up on Nato but will be free to join the EU
– Russia is no longer demanding “denazification”
– “demilitarization” and Russian language are not part of the possible deal either
In short, we are being led to believe Putin will stop hostilities and permit those dastardly Nazis to continue to run free across the Ukrainian countryside, as long as Ukraine backs down from the idea of joining NATO.
Color me skeptical. Nevertheless, markets wants to believe. The NASDAQ is +138 and WTI is clobbered down 8.7%.
If you enjoy the content at iBankCoin, please follow us on Twitter
Sounds like, 2 weeks to flatten the curve.
in other words: horseshit