Author Topic: Dow logs best day in over a year to end volatile week as angst over Russia’s Ukraine invasion gives  (Read 1234 times)

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Offline libertybele

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Dow logs best day in over a year to end volatile week as angst over Russia’s Ukraine invasion gives way to buying

U.S. stock benchmarks, led by the Dow Jones Industrial Average, ended sharply higher Friday, as investors who were cautious about buying at the onset of the military clash in Eastern Europe turned eager to hunt down bargains.

The upbeat tone on the markets was tied, at least in part, to reports that Russia was in favor of talks with Ukrainian leadership. However, Moscow’s military force was on display as it pressed toward the capital of Ukraine.............

.............Friday afternoon, the White House said that the U.S. will join the European Union in directly sanctioning Russian President Vladimir Putin, along with Russian Foreign Minister Sergei Lavrov and members of the Russian national security team, over the invasion of Ukraine..........

https://www.marketwatch.com/story/u-s-stock-futures-fall-amid-ukraine-invasion-jitters-despite-late-rally-on-wall-street-11645752694?mod=home-page
Live in  harmony with one another; do not be haughty, but associate with the lowly, do not claim to be wiser than you are.  Do not repay anyone evil for evil, but take thought for what is noble in the sight of all.  If it is possible, so far as it depends on you, live peaceably with all.

Romans 12:16-18

Online Free Vulcan

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  • Ah, the air is so much fresher here...
Bottom line is it was short term oversold even if helped by the Russian invasion. This was just taking profits and equalizing.
The Republic is lost.

Online IsailedawayfromFR

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Pretty conveniently ignored is it is still down over 1700 pts from 2 weeks ago.
“You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing.” Thomas Sowell

Online Cyber Liberty

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Pretty conveniently ignored is it is still down over 1700 pts from 2 weeks ago.

Yup!  The market is still down by hundreds of points for the week.  The "best day" was not enough to overcome 3-4 really rotten days.
For unvaccinated, we are looking at a winter of severe illness and death — if you’re unvaccinated — for themselves, their families, and the hospitals they’ll soon overwhelm. Sloe Joe Biteme 12/16
I will NOT comply.
 
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Online Cyber Liberty

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Market Watch is now on my list of slavish DCP publications.  Every article I've seen in recent months is just leftist spin and outright lies.
For unvaccinated, we are looking at a winter of severe illness and death — if you’re unvaccinated — for themselves, their families, and the hospitals they’ll soon overwhelm. Sloe Joe Biteme 12/16
I will NOT comply.
 
Castillo del Cyber Autonomous Zone ~~~~~>                          :dontfeed:

Online andy58-in-nh

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Market Watch is now on my list of slavish DCP publications.  Every article I've seen in recent months is just leftist spin and outright lies.
@Cyber Liberty

Try: Zero Hedge
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Online Cyber Liberty

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For unvaccinated, we are looking at a winter of severe illness and death — if you’re unvaccinated — for themselves, their families, and the hospitals they’ll soon overwhelm. Sloe Joe Biteme 12/16
I will NOT comply.
 
Castillo del Cyber Autonomous Zone ~~~~~>                          :dontfeed:

Online mountaineer

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A not-unexpected take from Fidelity Investments:
Quote
What does the Ukraine crisis mean for markets?
Investors should stay calm despite the conflict between Russia and Ukraine.
 – 02/22/2022
 
Key takeaways
*The conflict between Russia and Ukraine may contribute to increased short-term market volatility.
*Disruption of Russian energy exports as a result of the conflict could temporarily contribute to rises in global energy prices.
*Professional management may help US investors better manage long-term international stock investing while managing the risks. ...

From an investment standpoint, the biggest impact will likely be negative market sentiment on Russian stocks, bonds, and currency. Hofschire says that a Russian military action against Ukraine also poses a relatively short-term risk to energy prices. "It could drive up prices of oil, natural gas, and other commodities at a time when inflation is already a problem." Higher oil and gas prices could further benefit North American energy companies, whose stocks have been among the best performers over the past year.

An increase in short-term stock market volatility is also likely. Says Hofschire, "A Russian military action likely adds to general market nervousness. Current stock market volatility is reflecting a variety of investor concerns, so another source of uncertainty and disruption won't help." However, Hofschire says additional inflation pressures and higher volatility by themselves won't cause a recession in the US.

Despite short-term geopolitical risks such as these, US investors should not lose sight of the long-term opportunities that international stocks may offer. Indeed, Hofschire's team expects international stocks to outperform US stocks over the next 20 years. Those expectations partly reflect the fact that US stocks have risen more than those of other countries over the past 2 years and US stock valuations are now high by historical standards. ...
More at Fidelity

Online IsailedawayfromFR

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A not-unexpected take from Fidelity Investments:More at Fidelity
Did Fidelity also mention that Hunter and the Big Guy would now be dealing with Russia instead of Ukraine for their financial kickbacks?
« Last Edit: February 28, 2022, 08:51:54 am by IsailedawayfromFR »
“You will never understand bureaucracies until you understand that for bureaucrats procedure is everything and outcomes are nothing.” Thomas Sowell

Online DB

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War... Just what the government needs to distract from their policies creating massive inflation and the crushing of the middle class... The excuse that covers all...

Those who can be made to believe absurdities can be made to commit atrocities. --Voltaire

Offline libertybele

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War... Just what the government needs to distract from their policies creating massive inflation and the crushing of the middle class... The excuse that covers all...

Truth.
Live in  harmony with one another; do not be haughty, but associate with the lowly, do not claim to be wiser than you are.  Do not repay anyone evil for evil, but take thought for what is noble in the sight of all.  If it is possible, so far as it depends on you, live peaceably with all.

Romans 12:16-18

Online catfish1957

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The ugly spectre of Stagflation is staring us down like the grim reaper.

When parsing any recent market data statisitically, don't forget to factor in  12-17% inlationary pressures.
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.