Earlier today, before the high-beta, higher-trash selloff resumed, the main catalyst that pushed the market higher was the following headline:
- PUTIN: RUSSIA PULLED BACK TROOPS FROM UKRAINIAN BORDER
Turns out all Putin was doing was merely trying to give his buddies yet another higher price level from which to sell. To wit:
- NATO HAS NO INDICATION OF WITHDRAWAL OF RUSSIAN MILITARY FORCES FROM UKRAINE BORDER-NATO MILITARY OFFICIAL
- UKRAINE SAYS RUSSIAN MILITARY DRILLS CONTINUING ON BORDER
- UKRAINE BORDER SVC CAN'T SAY WHETHER RUSSIA ARMY IS WITHDRAWING
It is almost as if Putin was merely pulling the electronic legs of the high freaks with premeditated intent...