Is There Any Sane Reason Why the Market has Not Fallen 10%+ ? [View all]

Even if this war stopped today the damage is done. Tankers on fire. Ports damaged. No mines laid (apparently) but the way shipping was handled and not considered has to drive costs up for the foreseable future.

"Buy the rumor, Sell the war" is the maxim so where is the selling?

It looks like retail investors are slow to react or maybe they believe a TACO this weekend will undo it all (?) It won't. Many are buying the dips: March WSJ "Fresh Shocks, Same Strategy: Unfazed Retail Investors Keep Hitting ‘Buy’

Institutional investors seem likewise slow to accept just how badly this is going and that none of the potential outcomes from here are good.

Lifting Russian sanctions and dumping the strategic reserve was a blip. Oil is at $95 now even as some buyers try to wait it out.

Gold and other hard assets seem like the safest play.
Nicotine is doing well -- MO and PM as usual. MO pays 8% qualified dividend and almost always hedges these dips

But don't consider any of this as advice because I really don't know why the market isn't lower every day?!