Step one in cancelling midterms elections. Congress better step up. I’m not holding my breath though. I seriously think Trump will have the FBI throw any congressman who submits articles of impeachment in jail.
Attacking the middle east is of course the most precedented foreign policy thing an American president can do, but it's kind of crazy how consistently it keeps being the case
Step one in cancelling midterms elections. Congress better step up. I’m not holding my breath though. I seriously think Trump will have the FBI throw any congressman who submits articles of impeachment in jail.
Tell your buddies in Mexico to clean out the drug cartels or they're going to be next.
Ali Hosseini Khamenei (born 19 April 1939) is an Iranian cleric and politician who has served as the supreme leader of Iran since 1989, the second person to hold the position. He previously served as the president of Iran fro...
Oil prices are spiking. Would expect to see $80+ by Monday and equities lose 10% or more next week.
Interesting thread. I can certainly understand comments like this. A lot of things could certainly go wrong.
That said, I'll go out a limb here and predict that neither of these predicted events will occur.
There's an old stock market adage: Buy on the rumor. Sell on the news. Back in December when tensions started to really ramp up, oil futures stood at 55. In Jan, Trump placed tariffs on nations dealing with Iran. On Feb 18, Trump said there would be repercussions if Iran didn't change its ways in the next 10-15 days. Feb 28 was day 10 and oil futures closed Friday at 67... over 20% higher than its December low.
There may be some volitility up and down over the next couple of weeks, but I'm not bullish on oil futures right now. I think the aftermath of the attack on Iran is already baked into oil prices. Unless something really major happens Sunday, oil futures Monday will probably stay within a range of 67 + or - four dollars a barrell. A market decline of 10% (4,800 points) in the next week won't happen either, in my opinion.
Anyway, let's wait and see what happens.
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