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Predicting the short term direction of the markets is of course a fool’s errand. Nonetheless it seemed very unlikely that this particular Monday would be so positive. The markets disconnect from events continues to shock me. I guess FD can take a victory lap. At least for now.
It's almost a chess game- if anyone takes out Iran's oil production that would cut off their main income source, and also really irritate the Chinese who use most of the Iranian production.
It's almost a chess game- if anyone takes out Iran's oil production that would cut off their main income source, and also really irritate the Chinese who use most of the Iranian production.
Predicting the short term direction of the markets is of course a fool’s errand. Nonetheless it seemed very unlikely that this particular Monday would be so positive. The markets disconnect from events continues to shock me. I guess FD can take a victory lap. At least for now.
Why? I already said it in the other thread. BTW, Oil was down 7-8% today.
This Iran war is in 1st inning. Those who took the victory lap will be proven pre-matured. Israeli keeps on bombing Iran after the American did. Both sides are exchanging missile attack.
Are they aiming at regime change? We know how well that works in Iraq and Afghanistan.
@Hank. I must have missed that call but if I did answer that one I certainly would not have believed it. But I sure went to sleep last night expecting a really bad day …what do I know? Nothin.
@Hank. I must have missed that call but if I did answer that one I certainly would not have believed it. But I sure went to sleep last night expecting a really bad day …what do I know? Nothin.
We talked about this on multiple occasions. When we began dropping bombs on Iraq in 91 up went the market. Of course this time around will it remotely be anything like that period? Then we were coming off a mini bear market. This time around we have been in a bull for several months already. Congrats to those who have been positioned and sitting tight the past many months.
Edit. By the way @larryB. Thank you for your honesty.
@Junkster. Some observers think this time is different….. the sum total of everything that has happened since Inauguration Day is so far from normal that analogues to other markets, other wars , other trade wars just don’t hold water. But the markets want to keep going up. Luckily I don’t have FOMO.
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It in likely that Iran has been forewarned that any interference at the Strait would result in the destruction of their oil production infrastructure.
I already said it in the other thread.
BTW, Oil was down 7-8% today.
The market can disconnect for extended periods. It's a fickle little thing.
Are they aiming at regime change? We know how well that works in Iraq and Afghanistan.
Edit. By the way @larryB. Thank you for your honesty.