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.
Whoever Precious Roy is he will be anti-American till his last breath. Just another liberal loser. And the people that the Iranian Leaders were killing, you couldn't care less, eh? Idiot.
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