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Russia moves to annex Crimea. World leaders issue some tame economic sanctions. The Kremlin laughs. And, of course, world markets go back up.
This was never the real investment story. Certainly not in the US where these events have virtually no relevance to our economy or corporate earnings.
The real story is that things are going well. That was on full display again Monday with a better than expected showing for Industrial Production. The next important event for investors comes Wednesday with the next Fed meeting announcement.
The current belief is that the Fed will taper $10 billion per meeting from QE. If they don't, then it actually sends a scary signal to investors that the economy may not be in as good a shape as we think. So let's hope they stay on course and the bull keeps charging ahead.
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