Economy

GreatGazoo

(4,594 posts)

21. I sold last week

Thu Mar 19, 2026, 09:15 AM

Thursday

Buying gold now (GLDM).

Mkt down 10% and my new expectation is it will fall another 12% or more once oil is repriced.

Am hearing people say this Iran war is no different than the Ukraine war or the June Iran war. eg. That it will not affect US markets longer term and therefore will snap back quickly when US announces "Mission Accomplished" or, "Armageddon Accomplished" . Others saying the US has enough oil production to meet our internal demand but the market doesn't work that way. Still others saying that Venezuela was grabbed because they have 20% of the world's supply and that is almost exactly equal to the amount which would flow through Hormuz. Regardless, there is a disconnect with reality and pain will come before any real solutions will be pursued.

I hope I am wrong but gold and T-bills for now.

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Highlight:

Is There Any Sane Reason Why the Market has Not Fallen 10%+ ? [View all] GreatGazoo Mar 13 OP

Will just put this out there UpInArms Mar 13 #1

Yes and we saw them act on March 12, 2020 GreatGazoo Mar 13 #3

Also, watching the bond market UpInArms Mar 13 #5

I don't get it either. NCDem47 Mar 13 #2

I'm selling QQQs and buying GLDM GreatGazoo Mar 13 #8

You made me look mnhtnbb Wednesday #20

Everything is going great for the 1% gab13by13 Mar 13 #4

Market is hedging because of TACO WSHazel Mar 13 #6

Black Rock is as far to the right as one can get gab13by13 Mar 13 #9

Black Rock cares about money WSHazel Mar 13 #11

I am factoring in TACO GreatGazoo Mar 13 #12

Private credit is separate WSHazel Mar 13 #13

Selling off stock and buying gold would be the ultimate in foolishness. Fiendish Thingy Mar 13 #7

Who are you talking about using your strategy? gab13by13 Mar 13 #10

A "record number" doesn't mean a majority are withdrawing from 401k's Fiendish Thingy Mar 13 #16

Even Blackrock seems to be short of cash GreatGazoo Mar 13 #17

How would you diversify for this disaster? GreatGazoo Mar 13 #15

The world, and the markets, are different than they were in the 1970's Fiendish Thingy Mar 13 #18

Wile E. Coyote has walked off the cliff, oblivious EYESORE 9001 Mar 13 #14

Getting much closer to that 10% drop today! mnhtnbb Wednesday #19

I sold last week GreatGazoo Thursday #21

i significantly readjusted mnhtnbb Thursday #24

"I think the war is very complete, pretty much" progree Thursday #22

"1%" of total output GreatGazoo Thursday #23