Biggest Market Manipulation In Market History

A few minutes before the markets closed today, with oil going as high as $120 per barrel and the Dow down 1.8%, Trump announced that the war is pretty much over.

Within the next few minutes, the Dow rocketed to close 0.5% higher and oil was back to $89 per barrel (I believe).

A few minutes later, Trump walked it back.

His position now, is that Iran War Will Be Over ‘Very Soon’. He added that the U.S. military campaign still has further to go.

The markets are now in confusion territory.

However, if you bought an oil put prior to his earlier statement, you're looking good. With a potential 26% return in a single day.

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JSul3 · 70-79

Trump spoke with his boss Putin for over an hour.

Putin told Trump to get his ass out of Iran, so now it's time to exit and claim a "win" ASAP.

In any other righteous world, when Russia is providing intel to Iran of US military locales, that would cause a major pushback on Putin.... instead Trump drops sanctions on Russia.

So for those who refuse to see that Trump bows to Putin, this is simply the latest example.

Northwest · M

@JSul3 Weird, because Trump related a different perspective. He claimed Putin was so impressed with him and everything is Hunky Dory.

ElwoodBlues · M

Unfortunately for tRump, Iran knows that tRump needs to get the oil flowing again, and quickly.

In normal times, about 20 million barrels/day transit the Strait of Hormuz - about 10 VLCC tankers. There is a Saudi pipeline that avoids the Strait, but only carries 5 million barrels/day. That means there is no alternative to the Strait.

So all Iran has to do is keep threatening ships in the Strait. A few $20,000 drones per day keeps the Strait closed, and oil prices high. How could the tRump admin fail to forsee this???

ArishMell · 70-79, M

Turmp had been saying the war is already finished... has he defined what will mark that point?

What that does show is that "the markets" hold some of the most volatile, mindless, panic-stricken types going.

I have a very small block of shares and a company pension... Hopefully their managers are a lot more analytical than those confused ones!

(Pension managers are, because they rely on long-term, fairly steady investments.)

Crazywaterspring · 61-69, M

My ETFs must have trump whisperers as fund managers. They're fairly decent at guessing trump's activities.

DeWayfarer · 61-69, M

Almost like as if he wants to cause a panic. 😞

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