Comment by dennysora
8 hours ago
I think everyone should stop being so nervous. How many times have the U.S. and Israel hit Iran over the past two years? And people still aren’t used to it? On Monday, the market might not even drop. In fact, a lot of people may want to buy the dip. Everyone hypes up the fear, the big players wait to scoop up bargains, and then what happens? Not only does it not fall, it rebounds instead. How many times have we seen this script already?
And Iran? Every single time it’s just performance art. I’m already sick of watching it.
Besides, Iran has been heavily sanctioned and blocked by the U.S. and Israel for so many years that its impact on the global economy is basically zero. So what the hell is there to dump over?
Oil prices? Venezuela’s situation has already been dealt with. The U.S. can produce its own oil, Canada still has plenty of oil, and Russia is still selling at bargain-bin prices. Iran and the surrounding major oil-producing countries are barely even moving in sync, and there’s basically no real incentive for anything major to happen to oil. So why the hell would the market drop?
As for all this fearmongering, I’d say go harder. Seriously, make it as apocalyptic as possible, so my gold can moon, I can pick up cheap Taiwan stocks, and short crypto, so I can completely clean out all the people panicking in fear.
Iran is the 5th biggest oil producer in the world. Not only that, it can cut-off the strait of Hormuz which 5 of the top 10 oil producers ship their oil through, including Saudi Arabia which is the nr 1 exporter.
In earlier strikes Iran signaled it did not want to escalate. It warned US bases prior to its attack, and sent small symbolic strikes to pacify their base, while trying to de-escalate through all diplomatic channels.
This time it looks different, Israel/US have targetted their president and political (religious) leader. There is hardly a more existential threat you can imagine for the current regime, so it will do everything in its power to strike back. If you put someone with his back on the wall and start a firing squad, don't expect a non-response.
Beyond that it's the middle east, last time US tried regime change we had two decades of violence with 1m Iraqi's dead and ISIS rampaging in the region. It's a human catastrophe that people are worried about, not just stock markets. To come here and talk about your stocks is insane.