The "Stock Market" is down since July, it might not have crashed but it's not going up

Ukraine kicking off is not going to help in a sane world, but it's not a sane world so I half expect all time highs while Odessa burns

One aspect of buying securities and currency is the stability. People like stability, they will pay extra for secure cash flows, consistent courts, and rule of law that is predictable. In which case, because of its practical distance from Russia I would be optimistic about the US’s relative position, even if nominal equity values decline, they will maintain their relative value assuming the US does remains relatively more stable than other countries.