Equity prices are mainly dependent on earnings growth.
None of the events in Ukraine or Russia will likely have any impact on the earnings of companies here or in Russia.
I expect that earnings will continue to rise, and sooner or later the uncertainty in Russia will dissipate.Those investors who buy during the days of bad news will likely be winners after the peace trumpets are blown.
(Read more: Investors fearful, fantasizing in 2014)
Overall, we like the BRICK (Brazil, Russia, India and China, along with "K" for South Korea) economies, which give investors a great entry point to buy growth at very attractive valuations.
The difficulty should be confronting the headline risk and coincident volatility. Events such as these are always media-worthy but likely will be a point that will prove opportunistic for investors who have a longer-term view.
—By Scott Colyer, Special to CNBC.com. Scott Colyer is the CEO and chief investment officer of Advisors Asset Management.