My view is that people tend to dramatically overestimated the investment implications of geopolitical events… but I guess that’s a different topic.[/quote]
Sounds right; just over a week ago 224 died in a plane crash most likely caused by terrorism. No significant reaction.
Flight 17 shot down over Ukraine. No significant reaction.[/quote]
This feels different[/quote]
That is correct. Because those shot down were not of the right ‘nationality’.
At the end of the day, the stock market is a sum of hopes & fears of those investing in it and they tend to apply the right discounts to those killed based on where they are from….. they value western lives more than others.
