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GreatGazoo

(4,549 posts)

5. "Buy the rumor. Sell the war."

Reply to ProudMNDemocrat (Original post)

Fri Mar 6, 2026, 01:08 PM

Yesterday

as the saying goes but that only worked for oil futures. Stocks not down nearly what they would be. Monday dip was bought instantly. QQQ (Nasdaq) was $602.10 on Monday and it is $603.60 right now, basically flat.

Oil has finally spiked but I many things can reverse that: end of Russian oil sanctions, more Venezuelan oil pumped and refined, more Canadian supply, a cease fire announcement, etc. LNG was the only surprise and that hurts UK/EU more than it does the rest of the world.

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Highlight:

Dow Jones trading is showing a downward spiral amid Iran War and Oil prices. [View all] ProudMNDemocrat Yesterday OP

Fear will surface every Friday going in to the weekend bucolic_frolic Yesterday #1

The DOW might be the only thing to save us from a forever war Johonny Yesterday #2

;--{).... Goonch Yesterday #3

Erratic trading taking place. Still down 1.28%. ProudMNDemocrat Yesterday #4

"Buy the rumor. Sell the war." GreatGazoo Yesterday #5

About time for a correction OC375 Yesterday #6

Greedily, this dip is good for me Johnny2X2X Yesterday #7

My late husband invested wisely for these times. ProudMNDemocrat Yesterday #8