All Hell Breaks Loose: Futures, Stocks Plunge As Oil Soars To $139, Gold Hits $2,000

Zubu Brothers ^ | 3-6-2022

[blam]

Japan’s Nikkei Drops More Than 3% As Asia-Pacific Stocks Slip; Oil Prices Surge On Russia-Ukraine Conflict

[McGruff]

[BiglyCommentary]

Sunday night unleaded gas futures are up 28 cents from the Friday close. Fill up first thing Monday. Usually it take 2-3 days for these prices to make it out to retail.

Heating oil up 34 cents. Those who can get oil tanks filled do so instantly. Or if you you have enough to finish off the season, wait till summer/fall to fill.

[qam1]

So if Stock futures are down that means Dow will be up 700+ tomorrow

[blam]

Pozsar: "We Could Be Looking At The Early Stages Of A Classic Liquidity Crisis"

[blam]

The Fed Did It! Inflationary Collapse was Already Here.

[BiglyCommentary]

” China’s signal that more stimulus is on the cards after officials set an economic growth target that topped forecasts.”

In 2008-11, China printed an enormous amount of yuan and most of that money went into make work actity - GHOST CITIES. And why? Just to show phony GDP numbers. Looks like they are up to their old tricks again.

[JerseyDvl]

It will most likely finish up for the day. Big daily swings (over 1%) aren’t rare anymore. Besides, Brandon still has tons in his slush fund to throw around to his Wall Street cronies. I don’t see stocks tanking until the Fed cranks up interest rates a few times.
This will cause the real estate house of cards comes tumbling down again ala 2008. These banks are still giving loans away to people who won’t be able to pay adjustable rates when they skyrocket. My area of NJ is extremely overvalued and I expect a correction sometime in the near future.

[Long Jon No Silver]

What good is gold melted by a mushroom cloud

[JoSixChip]

Anyone notice the price of corn over the last week? It ain’t good.

[calljack]

i am currently trading futures and across the board all the different oil futures spiked 15-20% in 30 seconds. It was unreal.

[CatOwner]

So if Stock futures are down that means Dow will be up 700+ tomorrow

Once the wealthy and elites have squeezed the little investors it will.

[Secret Agent Man]

not surprising

gas prices went up about $1 this last week

[WKUHilltopper]

Oh goodie...

[MeneMeneTekelUpharsin]

Futures were down -450 and now are at -255. What plunge?

[MeneMeneTekelUpharsin]

Explain more why that is so odd and how that works. Thanks.

[Myrddin]

There is a nice 6,000 sq ft house across from my cul-de-sac. It was a custom build house. The owner/builder has a small chain of Mexican restaurants and bars in town. It took him 3 years to find a buyer. He wants the house two doors north of my place...when the current occupant is willing to sell. The new owners of his place have been moved in for about 18 months. Transplants from Seattle. Seattle became too high crime for them to stay. This week, there is a for sale sign again. It has been a seller's market for the last year. The recent developments may change that. I never really introduced myself to the new family. They clearly enjoy outdoor motorsports with a toy hauler, multiple sport 4-wheeler and a big 4x4. Not unusual here.

[Eagles6]

Buy canned food.

Just sayin'.

[Fury]

The catalyst for the sharp move higher in oil was the earlier commentary from Secretary of State Antony Blinken who said the U.S. and its allies are looking at a coordinated embargo following Russia’s invasion of Ukraine, while ensuring appropriate global supply.

Good luck with that. The Dems are certainly going to get wiped out this Fall. I don’t know how they hang on. These sorts of events, regardless of who is at fault, will be blamed on who is in office at that time. It may not be fair, but it is what it is.

[JLAGRAYFOX]

Simple, impeach Democrat, Fake POTUS, Joe Biden and the entire Democrat Party and send Biden Son, Hunter to jail...where he belongs!!!