We’ve got a US president openly moving markets, his son-in-law and a property developer trying to negotiate a peace deal, some bloke basically calling himself the Secretary of War saying “the strait is open if Iran weren’t firing missiles”, and someone in the same administration apparently betting $500 million on oil futures.
This stuff used to amuse me.
Now I’m looking at it thinking we’re about five minutes away from 5,000 troops being marched into a kill box in the Strait of Hormuz just so someone doesn’t lose face.
I love markets. I love futures trading. But bloody hell.
The Philippines has just declared a national energy emergency.
Can we just take a second to step back here.
byu/DullHall7 inoil
Posted by DullHall7
5 Comments
In the immortal words of Mr. Mike Tyson, “what are you gonna do about it?”
I broke the trading habit last April, went to cash and cash equivalents with a horde of BTC and Gold.
Looking for a job and work towards my P.Tech So i can buy the bottom over the next few years.
EET for 22 years and traded full time for 3.
If you don’t laugh, you’ll cry
It was pretty clear to me that we lost all credibility and stability as a country when we all saw boxes of NDI stashed all over this dingalings social club and we said “yea so what” and elected him anyway.
Chaos was almost certain.
Anyway, good luck!
Too many people are divorced from reality. Nothing is “real” unless the market says it is and the market is lying about how bad this is because it’s manipulated. I don’t know what it will take to get through to people – lots of dead soldiers? Empty shelves? $10 gas? I don’t know. This is all insane.