Two Ukraine regions Luhansk and Donetsk vote in favor of
self-rule and a break from the Kiev government. Russia respects the decision
and says the regions should be allowed to choose their direction without
violence. 89% of the vote is for secession with 10% voting no and a 75% voter
turnout. Since there are few election records, the results are questionable.
About 50% to 70% of East Ukraine is actually in favor of the Kiev government
not Russia. The voter turnout is suspected to be about 30% rather than the 75%
cited. The results are not recognized by the Kiev government.
[Text is Redacted: Purchase May 2014-05 to Read the Complete Chronology]
NAT pops +4% after beating on earnings and sends other
shipping stocks higher in AH trading. RAX beats on earnings and catapults +12% which
will help continue the Nasdaq happiness tomorrow. Medical supplier MCK beats on
earnings and trades higher. With the exception of RDEN, the earnings releases
are positive across the board.
Television personality James Cramer proclaims “We shouldn’t
be talking bubbles. We should be talking incredible shrinking bubbles. The idea
that we are about to see a hideous 2000-like bubble collapse smack more of
fiction than of fact.” Cramer further adds, “And while the averages are
currently hitting all-time highs, understand that the valuations are pretty
tame.” A second case of the deadly MERS virus is reported in Orlando, Florida.
A health care provider working and living in Saudi Arabia is infected.
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