Plunge Protection Team

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Ayn Rand

Oil up = $7.38 Gold up = $68.90 Silver up = $1.51 Any commodity you can think of up +50%.

Biden pokes The Bear - oil embargo. Market starts to tank and then DOW goes from about 200 down to 300 up???

While US oil embargo is a nice emotional response, it backs Putin into a corner. His only recourse now is fight. This will only increase prices of any commodity you can think of. Bad move by Biden.

If you think prices are high now, just wait.

Interesting to see Gold and Silver up - Bitcoin flat.
 
Maybe, some bargain hunters? This is why people lose their monies in the stockmarket. Just because a stock has fallen so much----it does not mean it is cheap. It is cheap for a good reason like earnings would be shot for a long time due to high oil. Take the US airlines. It went up today, despite, much higher oil resulting in higher aviation fuel costs. Inflation going up will mean maintenance of aircraft with parts will be higher, what about salaries of pilots, mechanics and flight attendants? Will they ask for more monies? Airports asking for higher fees to use their gates? You better believe it. These short term rallies will not last. My monies is on the stockmarket cratering and dropping like a rock. All fundamentals point to higher inflation across all sectors. Oil and commodity prices are highly inflationary.
 
There is something goosing The Market. Happened after Joe's What A Mess I Have Made Address to the nation and then again today after announcing that Americans will Just Have To Do With Less because That Is What They Voted For.
 
Ayn Rand said:
There is something goosing The Market. Happened after Joe's What A Mess I Have Made Address to the nation and then again today after announcing that Americans will Just Have To Do With Less because That Is What They Voted For.
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Looks like it went back down. It could be down big tomorrow when the reality of higher oil and commodity prices takes hold. It gave back a good chunk of its gains today. Could be just buy the dip fools. They are in for a rude surprise when the stockmarket tanks as expected.
 
Strange trading day today. What changed? Oil supplies did not increase overnight, Russian oil to US barred, Putin barred exports of commodities to some countries yet, the stockmarket rallied and oil prices suddenly, tanked? Some attribute it to possible peace talks but, top Ukraine official said, Russian troops have to leave Ukraine territory first and Ukraine will not give up an inch of territory before they talk? Nonsensical, considering Russia has already put bases and occupies Crimea, Donetsk and Luhansk controlled by Russian separatists? Russians not going to leave Ukraine first and talk later? Looks like profit taking. We will see what happens tomorrow.
 
no peace talks. No changes fundamentally. Just a good old fashioned bounce. Energy was overbought, the rest of the market was oversold.
 
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