Versions of this headline are currently on view at every major business news site. The above quote is from CNN but it's the same story at Bloomberg, WSJ, and elsewhere.
Whew! That was a close call! Big Media had the war alarms ringing for a couple days there, but tensions have eased, the same news sites now reassure us. Must have been that presser where Putin shot down rumours that Ukraine was the first leg of his World Domination Tour...
When Putin speaks the markets listen.
Oddly enough, on this day of easing tensions, defence contractors Lockheed Martin, Raytheon, Boeing, Textron, Rockwell Collins, and ATK all went up!
If tensions are easing, why is the bombs & bullets segment having such a stellar day?
Maybe today's market surge doesn't indicate easing tensions at all.
Could it be the result of investors piling into defence industry shares in anticipation of a long bull market in bombs and bullets?