Much of the market's focus starting the week has turned to the potential impact of Russia's invasion of Ukraine (Crimea). As I am writing this post, S&P 500 futures are down just under 1% or 17.7 points to 1,839.90. The night is long so much can change as it relates to the market's ultimate reaction to the events in Ukraine on the first trading day of the week.
A similar scenario played out in August 2008 during the Russia/Georgia conflict. At that time the market pretty much traded sideways until the flair-up of the financial crisis in the U.S. This type of conflict between Ukraine, Russia and the West is likely not to have a long term negative impact. The Georgia conflict did not and some of the conflicts in the Middle East have not as well--Syria comes to mind. Nonetheless, the below link to this week's magazine focuses entirely on articles related to the conflict in Ukraine.