Posted on 02/24/2022 1:03:35 PM PST by abb
“Stocks rallied because the market believes the West is going to issue some bluster and hashtags, but not actually do anything about the Ukraine. So business as usual.”
^^^ This. The market turned with Biden’s speech. It was obvious to anyone listening that Biden’s sanctions are as phony as a three dollar bill. Nothing actually disruptive, so business as usual.
BINGO
Short covering...
“Who is pumping/holding this sham up?”
Tens of millions of everyday people, same as every other day.
When gas goes to $10 a gallon this might change their attitude and lookout since we import a million barrels of oil a day from Russia
Best time to buy stocks is when everyone else is selling ‘em.
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