NEW YORK (TheStreet) -- Investors aren't ignoring Ukraine risks, say cashtaggers on StockTwits.com. The economic fallout of the West's limited response to Russia's annexation of Crimea is largely priced-in -- even for Russia.
The S&P 500 and Dow (DIA) edged lower by mid-afternoon Wednesday after President Obama's fighting words for Europe. At a news conference after meeting with Western leaders, the president pressed European nations to spend more on defense in order to curb an expansionist Russia. The Nasdaq (QQQ) lost nearly a percent amidst talk of frothy tech valuations.
Market Vectors Russia, an ETF that tracks the performance of Russian stocks, gained 0.5% midday. Meanwhile, Direxion Daily Russia Bear 3x (RUSS), a 3X levered ETF inversely related to the performance of Russian stocks, fell more than 2%, sparking debate and earning it a spot on the StockTwits' trending bar, which tracks the most discussed tickers.
Market Vectors Russia, Direxion Daily Russia Bull 3x (RUSL) expecting profit about 5x risk if prices return to low normal 2013 range, hedged on the downside.
-- Market Collab (@marketcollab) March 25 at 01:04 a.m.