We're now in Cold War 2 between Russia and the US, with a shooting war between Russia and Eastern Europe, and anyone planning on a quick rebound of the Russian market is smoking skunk weed.
The sanctions that have been put in place are cratering their economy so badly the Russian stock market is locked down for the sole reason to prevent a massive sell off.
What had been a massive infusion of investment capitol from the west is evaportaing by the minute as the 'we're outta here' pullout accelerates of companies such as Ford, General Motors, Boeing, BP, Exxon..the list goes on and on.
Does anyone really think if and when the Ukraine mess is over with, which may take years, thse companies will decide to jump back into an economy run by Putin if they see no fundamental changes to protect those investments?
Or that there is an immediate 'off' switch to the sanctions if Russia did pull out of the Ukraine?
When Putin had tanks drive into Ukraine, Putin concurrently drove Russia's economy over a cliff.
Regarding stocks. We've witnessed the most abberative run-up in the stock market in history, where the fundamental of PE ratios so treasured by Warren Buffet have little meaning anymore, as personal investors hve not been trading for returns, they have been betting on price per share jumps.
Recall 2008, when the stock market fell 49%, wiping out the savings of folks just about to retire, a time when one year money market deposits had 7% yields. There is a reason why investing fundamentals is based on personal time windows, more aggressive when younger, more conservative when older.
Thing about history, it has a way of repeating itself at some point.