Yeah, it's totally unreasonable to expect war breaking out in the ME to cause the market to drop. Investors love uncertainty and expensive oil.

I'm disappointed that stocks aren't on sale.

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Posted by wutangfinancial

Treasure Valley

Member since Sep 2015

11302 posts

Posted on 4/15/24 at 12:38 pm to Bestbank Tiger

Actually it is when revenue growth rates are 10% and earnings are at 4% and buyback desks aren't getting banned. That's without considering indexation.

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Posted by Bard

Definitely NOT an admin

Member since Oct 2008

52042 posts

Posted on 4/15/24 at 12:54 pm to Bestbank Tiger

quote:
Yeah, it's totally unreasonable to expect war breaking out in the ME to cause the market to drop. Investors love uncertainty and expensive oil.

This one was a little odd. Iran sent a frickton of drones in an attempt to overwhelm Israel's defense, then followed that with cruise missiles. (they all but officially declared war on Israel)

About half of what was sent failed on its own.

About 99% of what didn't fail on its own was taken down a combination of US, UK, Jordanian, Saudi and Israeli defensive measures.

I don't think Iran was expecting that, thus they quickly moved into a "we've made our point" stance (granted, it may have been part of their original plan, but you never know).

Israel has yet to retaliate, but when they do it will likely not be the telegraphed "shock and awe" spectacle we saw with Irans hundreds of drones followed up by missiles.

Also, this was done over the weekend. By the time traders got behind their computers this morning, the dramatics of it had long worn off and cooler market heads were prevailing.

This post was edited on 4/15/24 at 12:55 pm

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Posted by Big Scrub TX

Member since Dec 2013

33752 posts

Posted on 4/15/24 at 1:30 pm to Bestbank Tiger

quote:

Yeah, it's totally unreasonable to expect war breaking out in the ME to cause the market to drop. Investors love uncertainty and expensive oil.

It's very on brand for this website - a bunch of dudes declaring certainty on very complicated things...and then not only never showing up to take the loss, but also never learning from it or having their arrogance even slightly diminished.

I mean, the thread literally says "Black Monday". Did the OP really think there was a chance the market would make a move of a magnitude commensurate with any of the other "Black" days in history? It was preposterous on its face. (And that's before we talk about WWIII)

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Posted by LSURussian

Member since Feb 2005

127327 posts

Posted on 4/15/24 at 3:58 pm to Bestbank Tiger