[02/24] Russia finally invaded Ukraine today. US and Allies have not taken any physical actions against Russians. Instead, they are blocking all possible traded with Russians and freezing their offshore wealth.
In the morning, it was the looks like the end of the world, but all recovered at the end of the day. What was happening? As all we know, uncertainties and fears are the main driving force of the market.
Russians invaded that poor country. That’s the big removal of uncertain possibilities. Because Russians will win that war without any doubt. Everybody is busy drawing the picture the maps after this war.
With that simple view, the current global stock markets are well oversold. DJ was up 0.28%, S&P was up 1.51% and NASDAQ went up 3.34% today. Most of the big names gained big values of course. Apple gained 1.67%, Micro-Soft gained 5.11%, Amazon up 4.51%. Even Tesla surged 4.81% and regained the $800 level today.
So, Russia’s attack is a good thing for all stockholders? Bad thing for Ukraine? Simple as that? The bigger problems might rising after this incident. China is watching closely what US and others are doing about this Russian war game and we’ve all witnessed that they couldn’t do anything at all, physically.
