Stocks rebound

We are in a positive territory again. Stocks up and commodities down. Gold is down -0,81% to 1,339,30. Copper is down -0,41 to 317,45. Crude Oil (Brent) is down -1,27% to 109,79. But Silver is up +0,17 to 21,27.

 

What Putin and Russia did was expensive to Russia. The Russian stock exchange (MICEX) plummeted after Putin declared the right to invade Ukraine. MICEX fell $58,4 bln from friday to monday, but are trading up again today.

 

The cost of the Winter Olympic games was $51 billion, held in the southern city of Sochi. In other words; the decision to invade Ukraine was more expensive for Russia than the whole Winter Olympic games.

 

Now, Russian President Vladimir Putin has ordered troops to turn back to the base and stop all military exercises. That is music in the investors ears, wich is now less nervous and the stock market is turning up again.

 

CAC 40 is up +1,34%. FTSE 100 is up 1,08%. DAX is up 1,03% and FTSE MIB is up +1,71%. Warren Buffet say war is a buying opportunity, because money in it self will lose value. Other investors say commodities like gold is a safe-heaven bet.

 

Tesla (TSLA) don`t care about wars. Trading up +2,13% yesterday and seems to continue up today. Tesla is up +619,3% (1 YR). So far in 2014, Tesla is up 70,1%. What a great company. It seems like the new safe-heaven is Tesla!

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

 

 

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