Today, as far as the world markets were concerned, the Crisis in Ukraine
evaporated, and yesterday’s anxieties, in retrospect, were a buying
opportunity. The EURO STOXX 50, which plunged 3.02% on Monday, rose
3.02% today. The S&P 500 surged at the opening bell and drifted to
its 1.65% intraday high about 15 minutes before the close. A bit of
selling trimmed the gain for the day to 1.53%, the biggest one-day
advance for the index since December 18th. And of course today’s close
set another record high.
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