The futures were getting sacked Sunday night on news over the weekend that events in Ukraine were taking a menacing turn. No shots have been fired, at least not yet, but Russian troops have tactically overwhelmed the Crimean region so that Putin has a free hand to do as he pleases. Meanwhile, it’s odd to see Wall Street pretending it cares about events in Ukraine. This is in sharp contrast to the last five years, when traders have acted as though the only thing in the world that even remotely mattered to investors was the obfuscating drivel coming from the Federal Reserve chairman.

At the moment, I cannot bring myself to believe that the denizens of Wall Street even know where Ukraine is, let alone care about events there.  Under the circumstances, I’d guess that Sunday night’s selling is occurring only because institutional trade desks fear that their benighted colleagues will be doing it. My advice is to not get caught short when The Dirtbags goose stocks higher on whatever news is seen to alleviate the world’s supposed fears concerning Ukraine. Alternatively, if things do get worse, U.S. investors will simply have to keep the party on ice until the Western world’s eulogies for Freedom in Russia have quieted some.