Is There Any Sane Reason Why the Market has Not Fallen 10%+ ?
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?!
= new reply since forum marked as read
Colloquially known as the plunge protection team (PPT)
https://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets
PPT)" was created by Executive Order 12631,[1] signed on March 18, 1988, by United States President Ronald Reagan.
As established by the executive order, the Working Group has three purposes and functions:
"
a) Recognizing the goals of enhancing the integrity, efficiency, orderliness, and competitiveness of our Nation's financial markets and maintaining investor confidence, the Working Group shall identify and consider:
(1) the major issues raised by the numerous studies on the events in the financial markets surrounding October 19, 1987, and any of those recommendations that have the potential to achieve the goals noted above; and
(2) the actions, including governmental actions under existing laws and regulations (such as policy coordination and contingency planning), that are appropriate to carry out these recommendations.
(b) The Working Group shall consult, as appropriate, with representatives of the various exchanges, clearinghouses, self-regulatory bodies, and with major market participants to determine private sector solutions wherever possible.
(c) The Working Group shall report to the President initially within 60 days (and periodically thereafter) on its progress and, if appropriate, its views on any recommended legislative changes."[1]
The Working Group consists of:
The Secretary of the Treasury, or his or her designee (as Chairperson of the Working Group);
The Chairperson of the Board of Governors of the Federal Reserve System, or his or her designee;
The Chairperson of the Securities and Exchange Commission, or his or her designee; and
The Chairperson of the Commodity Futures Trading Commission, or his or her designee.
