Putin backing down now, just as I predicted

Pretty much turning out just like I said.

Puting says "no need for further military action in Ukraine." He also says that he will not be annexing Crimea.

So he's already backing down just as I said. Once again, selling panic proves to be a loser's game.

It's pretty clear who's running Russia--the oligarchs. Once the markets started tanking and there was talk about revoking visas/status/freezing assets, etc, Putin's tough guy talk faded. That's because the oligarchs are telling him to back off. They have too much to lose.

My prediction: that's it for Putin. The Russian bear has been de-clawed. From now on you should aggressively fade whatever he says or does.