Effect of Russian activities in Ukraine on ASX, page-2

If Russia invades but the US stays on the sidelines I would expect a 30-40% drop - then acceptance of Ukraine as part of Russia as the new normal.

From there it really depends on whether inflation and other factors drive the sell-off into a recession or if it rebounds and continues upwards.

If the US gets involved militarily and it escalates I would think a 90-95% drop as investors seek safe havens like physical gold.

If it then goes Nuclear then any investment other than weapons and tinned food is worthless.