Well, my answer to this would be that markets are a discount mechanism, so from a contrary point of view as bad news is becomes more and more priced in, a sound bottom can be made and a recovery eventually restart. And since stocks are the cheapest during times of economic slowdown or geopolitical tensions, just as others are selling you should be buying. In other words, gloom and doom is investor’s best friend.
Chart 5: Russian stock market remains in a downtrend for the time being
Source: Short Side of Long
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