The doomsday profits are always there - always has been - if you decide to take them serious you'd be better off hiding your money under the pillow. ------------------------------------------------
The Russia madness war - has made a lot of unbalances - for sure. And it is also true - that it is always in general the private investor population the ends up paying when the markets gets very volatile/unstable.
At the same time oil and weapon industries thrives bigtime on the back of the war madness in Europe. Truth is oil producing countries including Russia (and everyone involved in oil) gets fifthly rich on Putin's madness. -------------------------------------------------
All this said - the financial world is a lot different 'learning from 2007/8 - and 2011 crises'. The central banks reacts a lot faster and more decisive today' - precisely to avoid deep recessions/depressions - which in the end benefits no one - and at worst can take decades to recover from. -------------------------------------------------
The Fed's seems to plan raising interest ½% - that will surely give a blip - but nothing more.
Should i.e.. Ukraine and Russia engage in some peace negotiations in mid summer - that would surely cause a positive rally in the market.
In other words - 'being out of the Market' (that has already fallen bigtime) - could in fact be more risky - than 'tying yourself to the mast' - and look away and focus on other things in life :)