Critics accused President Obama of trying to redistribute wealth. Never forget, whoever holds office anywhere in the world, at the end of the day, it’s about the money. We don’t deny there ethnic pride and identity and sovereignty issues at work in Ukraine. Ultimately, whatever happens, someone is going to make money and someone is going to lose money. Why does Russia want control of the area in the first place? Money. What will dictate our response in the end? Money. Notice how the markets fell here making people nervous in the shadow of the crises. When folks get too nervous about their money, wars start.
Earnings News and Tension Over Ukraine Propel a Fall
By THE ASSOCIATED PRESS
The stock market fell sharply on Friday, dragged down by disappointing quarterly results from Amazon and Ford Motor. Tensions between the United States and Russia over Ukraine also weighed on the market.
Worried investors sold their riskier assets and moved into the traditional havens: bonds, gold and stocks like utilities that pay high dividends.
The Standard & Poor’s 500-stock index fell 15.21 points, or 0.8 percent, to 1,863.40. The Dow Jones industrial average dropped 140.19 points, or 0.9 percent, to 16,361.46 and the Nasdaq composite fell 72.78 points, or 1.8 percent, to 4,075.56.
Friday’s sell-off was enough to push the Dow, S.&P. 500 and Nasdaq into the red for the week.