I did not think the market we come back the end of this week. I would’ve thought that it would’ve stayed down longer. But I have a feeling that they don’t believe this conflict in Ukraine is going to last long
I have no doubt crashes are in our future, that said i get weary of those always announcing the imminent crash. I guess ya, eventually they will be right. Is that really useful though?
Always predicting tragedy will of course eventually be right some day.
I think the market has been allowing for a Ukrainian fiasco for a few months. After the move was made and Biden didn’t airlift the 82nd in, the market has perhaps written the conflict off as pretty much over. In reality, getting the Ukraine aligned back in the Russian sphere might be seen as plus on Wall Street as it does stabilize the area.
Keep these proven proverbs from Wall street in mind.
Stock market never moves in a straight line. It zig zags.
Rallies during bear markets are rip roaring.
Crashes during bull markets are eye popping.
During bull markets, advances are small amounts being repeated incessantly. Opposite happens during bear markets.