There is probably no need to tell this crowd, but I just wanted to say there is no need to worry and panic over the international geopolitical issues, or domestic issues going on right now. We may well see some panic in the markets if people think a war will break out in the middle east, but we should be able to stay calm - in the long run what’s going to matter is whether our companies are able to grow revenues and profits, not whether there are a few concerns in a country half a world away.
If you look at the historical chart of the DOW, you can see quite easily the 1929 crash, the 1935 FED tightening, the 1973 oil embargo and the Volker inflation war.
What is difficult to see is the bombing of Pearl harbor, or the Cuban missile crisis. The World Trade Center mattered and it showed ip in the chart because so many bankers died.
“We will always have wars and rumors of wars”
Cheers
Qazulight