It comes a time when the rubber hits the road. At this juncture, you must act or vanish. The world is toying with the idea of World War 3, something that most of us can not wish to happen. On the other hand, Ukraine is on the verge of losing its independence. Back home, on wall Street traders are counting losses.
On Friday, the market was not anywhere near better. We said goodbye to the first week of March while all the major indexes were on the negative side. The Dow Jones shed 179 points, losing 0.53%; at the end of the day rallying at 33, 614.80. S&P 500 declined by 0.79% losing 34 points to 4, 328 .87. Nasdaq Composite lost 224 points, (1.66) closing at 13, 313.14 after the closing bell.
Although we are battling high inflation, the Russia-Ukraine crisis has buried that scenario and now we are trying on how we will safely solve the Moscow-Kyiv. It is not that Russia can’t be forcefully stopped. However, any decisive action by NATO (as Ukraine friends) will result in severe repercussions. One of them is a war involving many nations and that could be something near World War 3. Our hope is that that will be avoided at all costs.
No wonder, global authorities led by the US, EU, and China are employing cautious methods while dealing with the Russia-Ukraine invasion. Also, the world is at the heels of recovering from damages caused by COVID-19. Sincerely, no one is fully financially prepared for war, including Putin, himself.
So far, US and EU have imposed sanctions on Russia and also, they have come in handy in providing military aid to Ukraine nation. China, on its part, has tried organizing meditation talks between Moscow and Kyiv. Although the first talk at the border did not yield fruit, China still demonstrated its neutral position by not voting for a UN Resolution that was condemning the Russia-Ukraine invasion.
However, there is a light at the end of the tunnel. As real Bulls, we will keep our heads high and our noses out ready to sniff any incoming hope. As Brian Whitmore shared in Yahoo Finance Live on March 4. First of all, Brian is a senior non-resident fellow at Atlantic Council Eurasia Centre.
In his analysis of what is happening in Ukraine, first, he gave Russia a dismissal performance compared to what they had initially waged. It is the second weekend since the invasion happened, they are just 18 miles past the city. What has hindered capturing more territories? Pundits have a lot to say, “maybe is resistance within the army, or he has run out of equipment” Or maybe the Ukrainians have staged a fierce resistance. Whatever the case, the scenario confirms that Putin was not fully prepared and soon he will run out of options.
As investors, we are counting on the uncountable sanctions to slow him and eventually bring him to halt. Meanwhile, Iran is seen as a possible substitute for Russia in supplying the west with oil. However, for that to sail through Iran must first completely get rid of its nuclear programs. In case, it happens, the absence of Russian oil now will be water under the bridge.
