Russia plays with Ukraine, markets get defensive, but bet offensive. Buffett says he would not get out of stocks. He is a buyer and the thirty talking heads agree.
According to the bulls, there are very few reasons ever to sell stocks. Every event is an opportunity. Since the Ukraine is burning on the edges, all benefits come to the Wall Street. Sell emerging market and buying U.S is compelled because everyone is protected by the Fed and a giant complacency of epic mindlessness. Forget the enlarged mass of tangled interconnected long bias positions established both in fixed income and in equity markets since March of 2009.
This U.S. market stands one liquidity event from disaster. It is inconceivable that a purge of financial engineering might be looming as a potential liquidation event could lead to downside velocity where all correlations are lost and buyers step aside.
But never pass up an opportunity to get in there and really experience the thrill of buying breaks.
