Equities lower following report of Ukraine plane crash


Equities have sold off following reports a Malaysia Airlines flight has crashed in Ukraine. A Ukraine government minister claims the plane was shot down by rebels.

Dow -0.4%, S&P 500 -0.5%, Nasdaq -0.6%.

Comments (48)
  • Rope a Dope
    , contributor
    Comments (708) | Send Message
     
    295 dead in that crash. There were also earlier reports a Russian jet flying over Russia shot down a Ukrainian military jet flying over Ukraine.

     

    Don't stand in front of the fan.
    17 Jul 2014, 12:03 PM Reply Like
  • Shaduc
    , contributor
    Comments (3005) | Send Message
     
    2014, things have been tough for Malaysia Airline!
    17 Jul 2014, 12:05 PM Reply Like
  • smurf
    , contributor
    Comments (6369) | Send Message
     
    Putin certainly shows Obama no respect.
    17 Jul 2014, 12:07 PM Reply Like
  • Shaduc
    , contributor
    Comments (3005) | Send Message
     
    ??
    17 Jul 2014, 12:12 PM Reply Like
  • funguide
    , contributor
    Comments (48) | Send Message
     
    putin doesnt even respect his own parliament, why do you expect him to show respect to a leader two continents away.
    17 Jul 2014, 01:11 PM Reply Like
  • Alan1967
    , contributor
    Comments (241) | Send Message
     
    Is this the pin that bursts the bubble?
    17 Jul 2014, 12:07 PM Reply Like
  • Rose_Colored_Glasses
    , contributor
    Comments (1113) | Send Message
     
    Alan -
    No it isn't the pin that bursts the bubble. Tragic for the folks, not a penny impact on the market. Buy the dips and any overreaction. Putin taking what he wants from Ukraine is pretty much a given at this point.
    17 Jul 2014, 12:41 PM Reply Like
  • Alan1967
    , contributor
    Comments (241) | Send Message
     
    @Rose Colored Glasses

     

    The implications for broader sanctions against Russia, if it is shown that rebels in eastern Ukraine shot down an passenger jet with a Russian supplied missile DO have implications for the broader market.

     

    I say it is a 'pin' because it could be a catalyst for a market decline that has other root causes behind it.
    17 Jul 2014, 12:59 PM Reply Like
  • NLTInvestor
    , contributor
    Comments (394) | Send Message
     
    Lol I don't see how this can be a catalyst for a bear market. Woop dee doo a plane crashed. WW3 aint going to happen
    17 Jul 2014, 12:12 PM Reply Like
  • financeminister
    , contributor
    Comments (1228) | Send Message
     
    It's all wierd now...poor economy was a catalyst for a bull market :-)
    17 Jul 2014, 12:31 PM Reply Like
  • B2B
    , contributor
    Comments (2) | Send Message
     
    A$$! 295 souls gone. Nothing to do with the market or WWIII...
    17 Jul 2014, 12:52 PM Reply Like
  • Justin Jaynes
    , contributor
    Comments (3155) | Send Message
     
    Families of those involved are probably feeling a lot more than a woop dee doo right now. Whether your comment was meant to come across this way or not, it's inappropriate and horribly direspectful.
    17 Jul 2014, 01:21 PM Reply Like
  • jmsoutham
    , contributor
    Comment (1) | Send Message
     
    Did the shoot down of the JAL 747 crash the U.S. markets? Nope.
    17 Jul 2014, 01:33 PM Reply Like
  • NLTInvestor
    , contributor
    Comments (394) | Send Message
     
    I was just saying the market is stupid with it reacting the way it did yesterday. No disrespect to those families
    18 Jul 2014, 04:41 PM Reply Like
  • Daniel5150
    , contributor
    Comments (269) | Send Message
     
    @smurf

     

    Why should Putin show Obama any respect?
    He realizes Obama for what he really is..Weak.
    17 Jul 2014, 12:16 PM Reply Like
  • Shaduc
    , contributor
    Comments (3005) | Send Message
     
    Today 12:26 PM EDT
    Consequences For Putin If Russia Behind Reported Plane Crash Attack
    Sen. John McCain (R-Ariz.) said Thursday that if reports about a downed Malaysian jetliner were indeed correct, "incredible repercussions" would be brought against those responsible.

     

    "To leap to conclusions could be very embarrassing and really inappropriate until we have more information," he told NBC's Andrea Mitchell. "But there have been, as you mentioned, previous incidents of shot down of Ukrainian aircraft. This was an airliner headed towards Russian air space. And it has the earmarks, and I'm not concluding, but it has the earmarks of a mistaken identification of an aircraft that they may have believed was Ukrainian.

     

    "If that's true, this is a horrible tragedy event which was certainly unanticipated by anybody, no matter who they are," he said. "And there will be incredible repercussions if this is the case. Exactly what those will be will have to be determined by how we find out who was responsible."

     

    McCain added, "If it is a result of either separatists or Russian actions mistakingly believing that this was a Ukrainian warplane, I think there's going to be hell to pay and there should be."

     

    Igor Bobic
    17 Jul 2014, 12:27 PM Reply Like
  • Shaduc
    , contributor
    Comments (3005) | Send Message
     
    7.38 The apparent crash of this Malaysia airlines jet already has people thinking of Korean Airlines Flight 007, which was shot down by the Soviet Union in 1983. All 269 passengers were killed, including an American congressman, when the flight was shot down by a Russian fighter jet after flying into Soviet airspace.
    The Kremlin initially denied having anything to do with the incident but later admitted to its role, saying the passenger jet was on an American spying mission.
    17 Jul 2014, 12:50 PM Reply Like
  • Shaduc
    , contributor
    Comments (3005) | Send Message
     
    Now we will fid out that the emperor wears no clothes:

     

    McCain on US response: “First of all we would impose the most severe sanctions on Russia“
    — Zeke Miller (@ZekeJMiller) July 17, 2014
    17 Jul 2014, 07:21 PM Reply Like
  • Hendershott
    , contributor
    Comments (1831) | Send Message
     
    Daniel5150 How does the shooting down of a Malaysian airliner over Ukrainian territory by a trigger happy Russian separatist have anything to do with the US or President Obama? Are you suggesting Putin ordered the downing to show Obama as weak? Or are you suggesting it wouldn't have happened if we had troops in the Ukraine? Do you have some magical idea to solve the Russian/Ukrainian/Crim... conflict? Some sort of a show of "strength" perhaps?
    17 Jul 2014, 07:39 PM Reply Like
  • Shaduc
    , contributor
    Comments (3005) | Send Message
     
    Hendershott:

     

    Thanks for the ?, but the response will show that the USA govt is all talk (empty threats, lack of diplomacy)!
    17 Jul 2014, 07:52 PM Reply Like
  • Daniel5150
    , contributor
    Comments (269) | Send Message
     
    Thanks for the reply on that Shaduc
    I was not going to waste my time trying to rationalize what is the obvious
    The U.S. has become,as you well put it, all talk!
    It is what is Hendershott.
    17 Jul 2014, 08:21 PM Reply Like
  • Hendershott
    , contributor
    Comments (1831) | Send Message
     
    Shaduc; So your plan would be to do what? Take McCain's suggestion and eqip Poland's F-16's with tactical nukes?
    18 Jul 2014, 02:28 AM Reply Like
  • Shaduc
    , contributor
    Comments (3005) | Send Message
     
    Hendershott:

     

    I'm agnostic, for the electorate to vote in Bush Jr twice ...

     

    My point is the electorate selected Obama not a prepared official to meet what the country needed, the nation has lost a lot of prestige and standing since 2000.

     

    What a pity!!
    18 Jul 2014, 08:35 AM Reply Like
  • Daniel5150
    , contributor
    Comments (269) | Send Message
     
    This country has lost so much prestige and respect from other countries it is horrible to even think of it.But the truth is the truth.Bush Jr was bad.B.O. is a joke.He is good at three things..Golf.Playing pool in bars,and fundraisers.Hardly qualifies as a 'strong' leader.
    18 Jul 2014, 09:06 AM Reply Like
  • Tales From The Future
    , contributor
    Comments (7615) | Send Message
     
    A passenger plane is not shot down easily from this altitude. Probaby a BUK missile system (Ukranian planes were shot down with similar weapons).

     

    If you want to be very cynic, combine it with this news and combine the dots...

     

    http://bloom.bg/1qihMOX

     

    This would be very bad for Russia-Western relations and increase geo-political tensions...it's fog of war already:

     

    Rebels (Russia) vs Ukranian news sources blaming each other.

     

    That's the market danger for the coming days and weeks beyond the human tragedy.
    17 Jul 2014, 12:17 PM Reply Like
  • Tales From The Future
    , contributor
    Comments (7615) | Send Message
     
    And to expand on my point above: BUK is a multi-personnel system and has the usual friend or foe identification, this was not a Stinger/Stigla-like system that can be shoulder-launched by an individual (as all reports say the 777 was flying at normal altitude).

     

    I will not speculate further for now, plane incidents usually take months of investigation.

     

    We will learn more when the Black boxes and flight recorder (hopefully untapered *) are recovered...of course the remote possibility remains (it would put it below 1% that it was a mechanical accident due to the location of the crash near the Russian border).

     

    _______
    * There are already reports to the contrary:

     

    19:29 News Bot: Ukraine says separatists hindering emergency crews, according to Interfax
    17 Jul 2014, 01:25 PM Reply Like
  • Tomal
    , contributor
    Comments (2485) | Send Message
     
    It is clear that BUK was used. Read this. Definitely a plane flying on cruise altitude had to be destroyed by a SAM site or fighter jet.

     

    http://bit.ly/1qiEAOz
    17 Jul 2014, 03:30 PM Reply Like
  • Trader8877
    , contributor
    Comments (257) | Send Message
     
    Talk about being in the wrong place at the wrong time!!!
    17 Jul 2014, 12:18 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (3839) | Send Message
     
    why would a civilian airliner be flying over that area? It's a war zone. it's probably their normal route,but it seems prudent to spend a few dollars in gas and time by deviating to safer skies.

     

    Malaysia Airlines is definitely on my "do not fly" list.
    17 Jul 2014, 12:19 PM Reply Like
  • mapodga
    , contributor
    Comments (7674) | Send Message
     
    Exactly my question.

     

    How could possibly happen that passenger airplane was sent over war zone in which planes are regularly shot down.

     

    This that direct them to go there cause their death. As I see from the map they should fly 300 km more south and airspace over Donetsk region was closed from 8.7.
    17 Jul 2014, 12:35 PM Reply Like
  • Tack
    , contributor
    Comments (16502) | Send Message
     
    Maybe, they should check to see if it was the other missing 777.
    17 Jul 2014, 03:10 PM Reply Like
  • Tomal
    , contributor
    Comments (2485) | Send Message
     
    that is a common flying route towards South East Asia.

     

    I would blame the European flight controllers here. They should not have allowed planes to fly over eastern Ukraine.
    17 Jul 2014, 03:32 PM Reply Like
  • Shaduc
    , contributor
    Comments (3005) | Send Message
     
    The BUK is a self-propelled, medium-range surface-to-air missile systems in the Soviet era and designed to engage cruise missiles, smart bombs, aircraf and and unmanned aerial vehicles. Modern versions can reach up to 80,000 feet.

     

    17.06 Raf Sanchez, our Washington correspondent, sends the following update from the US.
    Obama is heading to Delaware and to New York today to talk about the American economy but will also be dealing with is looking like a full-blown international crisis.
    He ignored questions from reporters about the Malaysian plane as he walked to his helicopter on the South Lawn of the White House this morning.
    Here's what he said last night about Russian activities in Ukraine:
    Along with our allies, with whom I’ve been coordinating closely the last several days and weeks, I’ve repeatedly made it clear that Russia must halt the flow of weapons and fighters across the border into Ukraine; that Russia must urge separatists to release their hostages and support a cease-fire; that Russia needs to pursue internationally-mediated talks and agree to meaningful monitors on the border.

     

    16.53 Interestingly, Russia Today says that the Ukrainian rebels - backed by Russia - have denied any involvement in the plane crash.
    QuoteThe Donetsk People’s Republic, where fighting continues between Kiev and opposition, has rejected any involvement in the incident, as there are reports that the plane was shot down.
    It said its self-defense forces just don’t have such military equipment.
    Residents have reported about finding debris from a plane, which they say could belong to the Malaysian Boeing. They also said no bodies have been seen, RIA Novosti reports.
    17 Jul 2014, 12:20 PM Reply Like
  • Tales From The Future
    , contributor
    Comments (7615) | Send Message
     
    "16.53 Interestingly, Russia Today says that the Ukrainian rebels - backed by Russia - have denied any involvement in the plane crash."

     

    That 's the usual pattern. Fog of war. Each side blaming the other...
    17 Jul 2014, 12:26 PM Reply Like
  • mapodga
    , contributor
    Comments (7674) | Send Message
     
    Nobody will admit. You can be sure.

     

    Poor people.

     

    Passenger airplane sent over war zone. Unbelievable.

     

    Have to check next time when flying around that route goes at least 2000 km from closest war zone.
    17 Jul 2014, 12:42 PM Reply Like
  • Rose_Colored_Glasses
    , contributor
    Comments (1113) | Send Message
     
    I am unsure about the market impacts, but I rate the Iran nuclear capability, and ISIS threats as much more severe to world interests than a Russian/Ukraine tussle. Ukraine is a done deal. Putin is in position to take whatever piece of it he wants, and that is exactly what he is going to do. My heart goes out to all folks that are impacted by this mess - but from a purely stock perspective I would buy the dips because the Ukraine mess will not have a huge impact on anything.
    17 Jul 2014, 12:37 PM Reply Like
  • VelcroWonderCat
    , contributor
    Comments (44) | Send Message
     
    A hijacking which results in the death of crew or passengers and/or the shooting down of commercial airplanes should automatically be considered as an act of war, nothing less. Those found to be involved in such endeavors, and their supporters, should be shown absolutely no economic or military mercy in response to such outrages.

     

    That said, the Ukrainian government is hardly a bastion of credibility even when compared to the rebels that they fight or to the Russian government. Their statement is meaningless until the investitation and facts come in.
    17 Jul 2014, 12:50 PM Reply Like
  • User 509088
    , contributor
    Comments (1747) | Send Message
     
    there is so much surveillance in that region right now, it's hard to credit the ukrainian story as anything more than a story.

     

    if it was true, like their stories of heavy weapons transits, we'd have video, and sensor data, missiles tracks, vehicle tracks....

     

    i know you all love bloodsport, but the east never left their territory, never attacked, just sat. the kyivans showed up and started hammering them.

     

    even to this day, the easterners aren't carrying attacks into the interior of their attackers, they're just taking the beating the choco president is giving them.

     

    and even so, choco pres and his national guard of hooligans can't make a dent in a bunch of civvies with military training.

     

    where there was rivalry and fist fights and the occassional manslaughter concerning ethnic background, choco president and his backers have created a real cultural divide with their stupid blood letting.

     

    some oligarchs wanted power, and stole it, and in doing so created a civil war issue by justifying their power grab by making war on innocent ethnic citizens.

     

    17 Jul 2014, 12:53 PM Reply Like
  • psychological-dividends
    , contributor
    Comments (820) | Send Message
     
    Surface to air missle takes down a plane above 30,000 ft? Looks like I'm canceling my trip to Dubai next year
    17 Jul 2014, 01:36 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (3839) | Send Message
     
    I wonder if Malaysian Airlines will survive this? They were already losing a lot of traffic after the last one.
    17 Jul 2014, 01:40 PM Reply Like
  • june1234
    , contributor
    Comments (4474) | Send Message
     
    thats some bad luck for them for sure not as bad as one for all the people who disappeared or got shot down but bad for sure
    17 Jul 2014, 02:35 PM Reply Like
  • James Bjorkman
    , contributor
    Comments (2778) | Send Message
     
    I've flown that route. 19 hours London to Bangkok was my flight. They were probably all settled in to try to get some sleep. That's Moscow air space, I believe.
    17 Jul 2014, 04:09 PM Reply Like
  • mapodga
    , contributor
    Comments (7674) | Send Message
     
    No, it is Kiev territory and air space.

     

    Anyway, it is incredible that Kiev air control allowed passenger planes to fly in the same region where military bombers daily making military operation against rebels that have apparently any weapon you can imagine. In ex soviet space you can for good bribery buy any weapon.
    17 Jul 2014, 05:16 PM Reply Like
  • James Bjorkman
    , contributor
    Comments (2778) | Send Message
     
    Why? It was the normal route, and everything was perfectly legal. The air traffic controller cannot just impose restricted zones.
    17 Jul 2014, 05:32 PM Reply Like
  • PalmDesertRat
    , contributor
    Comments (3839) | Send Message
     
    I saw somewhere that KLM has announced that it will not fly over Ukraine airspace. Presumably the airline can decide. Another mark against Malaysian Airlines
    17 Jul 2014, 06:00 PM Reply Like
  • James Bjorkman
    , contributor
    Comments (2778) | Send Message
     
    I don't think too many airlines are going to fly anywhere near there for a long, long time.
    17 Jul 2014, 06:09 PM Reply Like
  • Tomal
    , contributor
    Comments (2485) | Send Message
     
    still they should not have allowed a civilian plane to fly above when there were reports of Ukraine military planes being shot down by missiles.
    17 Jul 2014, 06:48 PM Reply Like
  • elkmaster
    , contributor
    Comment (1) | Send Message
     
    Three day cease fire and then business as usual. Unfortunately it will take more than this for the world to wake up. Prayers and thoughts to the innocent lives lost on the plane.
    17 Jul 2014, 05:14 PM Reply Like
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