U.S. Stock Futures Drop as Iran Retaliation Starts: Markets Wrap

  

Category:  News & Politics

Via:  krishna  •  9 months ago  •  11 comments

By:   Adam Haigh - Bloomberg

U.S. Stock Futures Drop as Iran Retaliation Starts: Markets Wrap
(Bloomberg) -- U.S. stock futures declined after Iran reportedly started an attack on a military base in Iraq hosting American troops, escalating tensions in the Middle East. Treasury futures and the yen rose.

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U.S. Stock Futures Drop as Iran Retaliation Starts: Markets Wrap

(Bloomberg) -- U.S. stock futures declined after Iran reportedly started an attack on a military base in Iraq hosting American troops, escalating tensions in the Middle East. Treasury futures and the yen rose.

Futures on the S&P 500 Index dropped more than 1%. Oil prices surged as Iran state TV said it started operation “Martyr Soleimani” at dawn with several rockets being fired at the Ayn al-Asad base. Australian shares fell, and Australian bond yields slid as the Asian trading session got going Wednesday. Gold advanced.

“It is frightening to think about the possible range of outcomes with this,” Di Zhou, a fund manager at Thornburg Investment Management Inc., told Bloomberg TV. “We are closely monitoring this evolving.”

A related "Must-Read" Seed:

Why Obama, Bush, And Bibi All Passed On Killing Soleimani


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Krishna
1  seeder  Krishna    9 months ago

I was expecting this and have been buy defense stocks, gold and oil for the last few days. Also cyber-security stocks. 

Also trimming positions in non-war related stocks. (I would've sold a lot more except much of my positions are high dividend payers in DRIP-- so the lower the prices fall, the more shares get bought).

So as the market plummets I won't be hurt much financially.

 
 
 
Krishna
1.1  seeder  Krishna  replied to  Krishna @1    9 months ago

So as the market plummets I won't be hurt much financially.

I'll be dfne.

But what worries me is our Neocon president's actions in starting this. (And to make matters worse je keeps sending in more troops-- when what he should be doing is pulling out of Iraq and ...totally!)

I hope his advisors talk some sense into him before many American troops die in yet another of the Endless Wars he supports and continues to escalate by sending in more and more troops :-(

 
 
 
XDm9mm
1.1.1  XDm9mm  replied to  Krishna @1.1    9 months ago
But what worries me is our Neocon president's actions in starting this.

How much American blood had to be surrendered to the scumbag before we decided to finally take his ass out?

Over 500 dead and thousands more wounded, maimed and crippled due to his handiwork.  It should have happened years ago.

 
 
 
Krishna
1.1.2  seeder  Krishna  replied to  XDm9mm @1.1.1    9 months ago
How much American blood had to be surrendered to the scumbag before we decided to finally take his ass out?

Obviously you're assuming that he is the only one in all of Iran who is willing to kill Americans? That's total nonsense!

Its really a game of whack-a-mole-- you kill one terror leader and more appear.

True-- Trump didn't originally start the problems in Iran and vicinity. But now that the current situation exists, he can end it. Time to GTFO-- and fast. 

How many more Americans kids do we want to die fighting over there?

 
 
 
XDm9mm
1.1.3  XDm9mm  replied to  Krishna @1.1.2    9 months ago
Obviously you're assuming that he is the only one in all of Iran who is willing to kill Americans? That's total nonsense!

Hell no.  I know better.  But when nothing is ever done, it will always continue.  If you smack me once and then again, and again and I don't retaliate, you'll keep it up.  If on the other hand, you smack me once and I kick the shit out of you, you'll think twice the next time.  And if you do smack me again, the previous ass kicking will be just a warm up for what will be coming.

America has turned the other cheek too often and all the little scumbags of the world think they're immune from an ass kicking.  There's a new kid on the block and he don't take kindly to being kicked.

 
 
 
XDm9mm
1.2  XDm9mm  replied to  Krishna @1    9 months ago
So as the market plummets I won't be hurt much financially.

No smart investors will.  Even if they are short term, investing, as you well know and understand, is not a short term strategy.  

Honestly, the only ones that might be hurt are slow day traders not watching the global news.

 
 
 
Krishna
1.2.1  seeder  Krishna  replied to  XDm9mm @1.2    9 months ago

Well, isn't that always the case? (Basically the people who trade-- or invest-- and haven't become well informed. And who don't stay up to date on current news.

(Of course some people anticipated Trump's actions and prepared by selling riskier stuff and loading up on gold, oil, defense stocks, cyber-security, etc-- and cash)

 
 
 
Krishna
1.2.2  seeder  Krishna  replied to  Krishna @1.2.1    9 months ago
(Of course some people anticipated Trump's actions and prepared by selling riskier stuff and loading up on gold, oil, defense stocks, cyber-security, etc-- and cash)

Of course I did OK in preparing-- but in retrospect I made some mistake--I didn't trust my own work, and while I moved in the right direction I didn'nt do nearly as much as I should've... so I wasn't as smart as I should've been!

 
 
 
XDm9mm
1.2.3  XDm9mm  replied to  Krishna @1.2.2    9 months ago
so I wasn't as smart as I should've been!

Don't sell (no pun intended) yourself short.   Lately, it seems that virtually everything is a short term blip and in a few days everything goes back to going up.

 
 
 
Krishna
1.2.4  seeder  Krishna  replied to  XDm9mm @1.2.3    9 months ago
Don't sell (no pun intended) yourself short.   Lately, it seems that virtually everything is a short term blip and in a few days everything goes back to going up.

Yes, that's true.

But remember, we haven't been involved in a serious war lately. Some fighting in iraq and Syria-- but relatively few American casualties.

iran is a country run by fanatical Islamic extremsts. Much bigger than Iraq. And really, really pissedoff by what they see as the cold-blooded murder of someone they consider to be a hero.

Plus U.S. sanctions have made life in iran fairly difficult...

So they are willing to fight.

(The most reliable sources indicate their goal is not to try to destroy America-- but just to get us out of the area. And I think they mean business).

When this fighting escalate, it won't be good for the stock market. I think we're due for a correction...and a rather long one.

 
 
 
Krishna
2  seeder  Krishna    9 months ago

A related "Must-Read" Seed:

Why Obama, Bush, And Bibi All Passed On Killing Soleimani

There are many things I could criticize about each of those three. (Interestingly, one a Democrat, one a Republican, and one a foreign ally). Bult they all had one thing in common-- while they all reiceived information about was a truly evil person Soleimani is, and what he's done and is planning to do-- after knowing that, all three had the sense to resist the urge to off him, as difficult as that was.

But now we have a true Neo-con war-monger ofa president wh's doing exactly the wrong thing-- he's escalating our Endless Middle-eastern Wars by sending more troops there-- rather than what he should be doing (which is quickly removing all Americans-- including our troops-- from harm's way).

 
 
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