Well I wouldn't down if the dow drops 1000 by open and something miraculously happens and the markets close well off their lows. Again it's just the same news we have been hearing about for the last month..tensions. we all know there are tensions. Oil driving higher markets lower. Rinse and repeat. Imagine if there are 38 days of tensions. The markets will off 70%+++
I don't remember where I heard it, but many years ago I heard something along the lines of many of the economic advisers in the middle east went to the Ivy League universities here in America where they got their economic principles on economic elasticity, or in Layman's terms, pushing an economic necessity to the highest price point tolerable. Now I can remember gas in Texas at 99 cents a gallon in 99. But even when oil futures were negative and extreme lows from 2015 to now prices were no lower than $1.75. Likewise in the late 2000s when oil was up in the mid 100s gas hovered just over $3. You can only bleed a stone so far. Between inflations high prices on everything, and already high gas prices, pricing the lower and middle class out of even being able to drive to work becomes inefficient. Even if oil were $200 a barrel, if it becomes so expensive huge swathes of your market, which is everybody, can't afford it, then what good does that do you, especially when it's your countrys only real resource. They'll be forced to up production to balance Russia's lowered output to drive up prices. They'll price it as high as they can, but not so high that a diamond's only use is a paperweight because no one can afford it. It will still be high enough to choke America's finances though. Certainly enough to kill consumer confidence and fear in the markets. Certainly isnt helping that Biden disallows drilling on federal land/ discontinuing pipeline production to appease the far left and then laughably blames high prices on price gouging, because that makes so much sense.
The difference is before both sides were saying opposite. Russia was saying no invasion, just drills. Biden was saying invasion. Market was seesawing. Today, after the market halted at 1pm Putin signed a declaration stating the separatists regions of Ukraine would be protected by Russia, essentially stating that they would be invading that portion of the Ukraine, while also calling out NATO and America for their expansion over the last 2 decades despite saying they would not expand, as well as calling the Ukraine a puppet colony of the United States. That's why the S&P opened up 25 points gapped down from their close 5 hours prior.
Shit for brains Biden could reopen the Keystone oil pipeline and save the economy in time for elections, if there is an election?
"...the deterrence effect, we believe, has merit." Context you moron. You didn't even let one brain cell fire before you re-posted that quote out of context did you.
Hearing her talk, that speaks volumes of the education our kids are getting. More about hating the US and loving communism instead, of the other way around. Blame the parents. They are asleep at the wheel. More than anyone else, they should care that their kids are actually, getting an education that they deserve. There was a time our kids were taught about Reading, Writing and Arithmetic. Nowadays, a huge number of kids have no skills, cannot even do basic math. That is the reality. How are they going to compete in the real world?
Because the thought of being juked by wall street/north america on this selloff/rally is incomprehensible?