I Need A Wall Street Guru To Explain This To Me [View all]

I am being told that the market is not down because it believes the Iran war won't last long.

We fucking just sent a 3rd carrier group to the ME. 5 ships have passed through Hormuz in the last 24 hours.

Crude oil is a joke, it is flat today, with West Texas dropping slightly.

I think the markets are based on the economy for billionaires, that's what I think.

Billionaires don't give a shit about the price of gas or diesel or anything else, don't give a shit about inflation, don't give a shit about a healthcare system in distress, don't give a shit about Social Security and Medicare tanking.

My explanation makes sense to me, not some BS that the war will be over soon, Iran is busy laying mines in the strait.

Straighten me out.