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Malaysia Air Crash, Mid East Tension Weigh on Investors' Minds

TheStreet

Investors around the world initially reacted to word that a Malaysia Airlines plane crash in Ukraine by selling and sending equity markets lower. Gold and oil prices rose on the uncertainty about the geopolitical ramifications. Wells Fargo Advisors' Chief International Strategist Paul Christopher has been watching the rising tensions between Ukraine and Russia closely. Paul says unrest in this region and the Middle East t will continue to weigh on investors' minds but he sees the conflict in Ukraine as a "localized" situation. Christopher said, "Investors should maintain their commodity allocations below their long-term target allocations." TheStreet's Susannah Lee has details from New York.