The Market at War

Russia Ukraine FUD is on all the news media and social media so today I dug up a chart of the Dow Jones Industrial Average DJI on Tradingview. (It's pretty cool to go back and study the market since 1897 by the way.)

One prevailing sentiment, especially after today's very muted reaction to the actual "invasion", is that the market will be fine as long as Putin does not proceed further. There is some historical justification to this sentiment. One of the oddities of the history of the market is that the stock market ROSE on Germany's invasion of Poland in 1939. It was only on the invasion of France, when things "got real", that the market had a major fear crash.

I hope for no war at all and I do not think there will be one now from this. I think (I hope) it is well understood that war is the literal destruction of capital and lives; lives being the true capital of nations.