A tragic event happened with the crash of Malaysian Airline flight in Ukraine. The crash caused an immediate reaction in various markets from Bonds, to Stocks, to Gold and even Currencies. In this report Greg Michalowski of GregMikeFX outlines what typically happens in the markets when a tragic event happens – like a suspicious plane crash – and then shows how the markets reacted to such events in this instance.
While, as of the morning of July 17 the cause of the crash was still unclear, that did not stop traders from speculating the worst. "Often times, the market doesn't wait for answers," Michalowski says. "It'll simply react to the events."