Really strange action in the market today.
The 20DMF still shows that no real money is moving back in.
Treasuries/oil are down and gold/US$ are up.
Energy is up, but the MF is not too positive.
This tells me that there is fear (gold), that cash is being raised (US$, Treasuries) and that equities are not the main issue at hand.
The main issue is how will Russia react to being squeezed by the rest of the world?
I am not buying equities here, but I am not courageous enough to build a short position.
Pascal
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