Bubble time: Friends and relatives act as if we’ve returned to business-as-usual

It is a testament to the psychological power of financial bubbles that people who know and trust me and generally accept the analysis I’ve put forth in my writings over the last decade are jumping into the stock market again with a pledge that they are in for the long term–no matter what.

Ukraine – headlines

•US and EU Lose Major Energy Battle in Ukraine •Coordinated Sanctions Aim at Russia’s Ability to Tap Its Oil Reserves •Ukrainian ‘seizes Avdiivka’ in rebel Donetsk stronghold •Ukrainian prime minister Arseny Yatseniuk resigns •Ukraine votes to keep Western companies out of gas industry •US intelligence officials just gave a very unsatisfying briefing on MH17