Equity Markets Continue to Flourish in the Face of Nuclear Warby Bradley Voight on 09/24/17
Either investors are naive, convinced it can't happen, or they are in the know about a diplomatic solution to The North Korean issue. I wish it were the diplomatic route but there is no way I can know that. I can only hope cooler heads will prevail and if they do, I believe equity markets could add another double digit percent increase in 2018. The alternative is mind numbing. A war in the far east is likely to disrupt the world economy in a very negative way. I could see a 15% plunge on the day of any military action on our part, only stopping there because the circuit breakers would kick in and trading would be halted. Never before in my investing life have I been so exposed to a downfall with all of my investable capital. It would take me 2 hours to sell 75% of all my stock holdings and go to cash and I am prepared to do it. Being the eternal optimist, I think we will see a coup attempt or pressure from Russia and China to diffuse the situation. I hope no one is prepared to use nukes to start a war. We have to trust in the leadership of our nation at this time because the decisions are all in their hands. The current administration is pro business and pro growth and I know they are aware of what a large scale military conflict would do to undermine their economic agenda. Our generals have stated that a war on the Korean peninsula would be catastrophic. Millions of casualties would result quickly and millions more would be displaced with just conventional weaponry warfare. Let's pray for peace and prosperity for the Asian world!