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

Zubu Brothers ^ | 3-6-2022

[Tallguy]

Having ignored it for long – despite our repeated warnings to the contrary – traders are finally realizing that stagflation is here: “for the U.S. economy, we now see stagflation, with persistently higher inflation and less economic growth than expected before the war,” Ed Yardeni, president of Yardeni Research, wrote in a note. “For stock investors, we think 2022 will continue to be one of this bull market’s toughest years.”

You move, Brandon. My guess is some form of Nixonian "Wage & Price" controls since the Federal Reserve doesn't appear to be serious about doing their job.

[Russ]

And for all of this Biden’s approval numbers (as reported by the MSM) is going up faster than the price of gas. May God help us!!

[sauropod]

.

[blam]

"Church where it was canned is big! How the f are we importing canned fruit from China?"

80% of the apple juice consumed in the US is from china.
Many of the 100% juice drinks are apple juice from China.

[millenial4freedom]

that’s funny, the local realtors in my similarly high-tax area (Taxachusetts) are still loudly proclaiming that ‘NOW is the time to buy because of low interest rates’ and ‘if you don’t buy now, you’ll regret it in the future’. Of course, they certainly don’t have a vested interest in keeping housing prices high...

[MeneMeneTekelUpharsin]

I can imagine. This administration must know that signifiance and is DELIBERATELY making decisions that are detrimental to the people. That is treason. Anyone aiding and abetting that is also treasonous.

[MeneMeneTekelUpharsin]

The presidency of the U.S.A. is being run by a committee led by non other than Barack Obama and his other minions.

That is correct. Before too long, Obama will be appointed emperor and I am not joking.

[calljack]

There are several different oil futures /MCL closed at 115 last week. when it opened last night it immediately shot to 129 and is currently at 116. I’m looking at the chart right now.

[calljack]

There is a chart posted at the top of this thread that disagrees with you

[BiglyCommentary]

It’s semantics. When you say it went from X to X in 30 seconds, that is does not count the close value from the last trading period, if it opened much higher.

[BiglyCommentary]

P.S. /MCL is shorthand for your trading platform that means the current front month micro contract, which is April - /MCLJ22.

[calljack]

I was talking about the emotional component to trading when you are in a contract and you see that kind of volatility. I understand the nomenclature. I don’t trade oil, but I watch it. I trade the micro-mini S&P 500. /MESH22 (currently)

[BigEdLB]

I found peaches that were domestic. Just look at the source onthecan. Believe it or not, when I couldn’t findUSA peaches, I found some from France

[BigEdLB]

I found peaches that were domestic. Just look at the source onthecan. Believe it or not, when I couldn’t findUSA peaches, I found some from France.
Canned smoked oysters from S Korea and canned Mandarin Oranges fromSpain

[BigEdLB]

Fron trader Joe’s

[TheConservativeTejano]

Partner, I do not think the MSM can make these numbers on Biden go up that quickly. We need to watch them just like we are right now on this Ukraine and Russia battle. This is just what the Doctor ordered for the MSM but watch out what is happening here . Oil prices going up because Biden wants it that way and Barack Obama wants it that way. The Electric car craze which is in the Budget of the U.S. but it will not pass the mustard. Give us a break!!!
Take care partner,

[TheConservativeTejano]

I agree 100%!!!