A letter to investors, which published an analytical department JPMorgan in Moscow, contains a warning due to the worsening situation Ukrainian. It is possible that markets may react to the escalation of the conflict in the style of the times of shock Lehman Brothers.
More specifically, this means that you can index fall by 50%. The biggest drop among the 30 largest global stock markets in 2008 was accompanied by subsidence of the MICEX index by 67%. The collapse of Lehman triggered severe recession and contraction of the credit market almost to zero. By next year, the MICEX index gained 120%. According to experts TeleTrade, expect the global collapse of the Ukrainian crisis was not worth it, because oil prices are, and the situation in Ukraine will not have such a serious impact on economic growth.
Recall that in late 2008, oil has fallen in price by 77% and amounted to 32.34 dollars per barrel. Analysts and experts do not expect a quick resolution of the conflict, but rather predict deterioration.