The newswires over the weekend were quiet except for the continued mounting tensions in Egypt. At this juncture It is too difficult to measure the impact of the political crisis on global financial markets as the situation is “fluid” and rumors run rampant. There is talk that the U.S. is cancelling scheduled military manuevers with the Egyptian army over displeasure with the crackdown on the Muslim Brotherhood. Soon after that rumor, news from Russia was that President Putin was putting the Russian military resources to the backing of the Egyptian army, reflecting the “fluidity” of the situation and Russia again reminding the world that the U.S. is not the only game in town. Even the Saudi foreign ministry has come out in its support of the Egyptian military in its efforts to combat the “forces of global terrorism.” I return to Yra’s first rule of global finance: “Money is FASCIST and craves stability.” While all this uncertainty clouds the political scene in the Middle East, the only constant is that the Europeans are meeting to decide what actions to take against the Egyptian military, so any sense of certainty about Egypt is probably a false algo-driven headline or TWEET.