Faltering Friday (Again) – Ukraine this Time
It’s always something.
This week, “only” 113,964 people a day are catching Covid (2,306/day are still dying) and that’s only a bit more than 1% of the population per month – so we should be (relatively) celebrating BUT NOOOOOOOO – now it’s the Ukraine and the kind of “Will they or won’t they?” thing that keeps TV viewers coming back for more every week.
Putin already invaded Ukraine – in February of 2014, so this is the 8th anniversary of Putin’s annexation of Crimea and in 2018, he built a bridge connecting it to Russia – so it’s not like we thought he was going anywhere. Now Putin wants the rest, especially Kiev, which used to be the capital of Russia. More importantly, Putin has to pay Ukraine for land access for his oil and gas pipelines and THAT is the real reason all this is going on.
Meanwhile, are you worred about the fate of the poor Ukranians or are you worried about the affect this has on your portfolio? Well, if 2014 is any guide – the market doesn’t care. We had a great year in 2014, with the S&P climbing from 1,850 to 2,125 (15%) and oil topped out at $105 but collapsed all the way back to $50 by the end of the year.
Our market is underperforming for other reasons (Inflation, Overvaluation, Supply Chain Issues, Government Gridlock, Lack of Stimulus, Fed Tapering, Rising Rates…), to start saying we are up and down based on the Ukraine is beyond over-simplifying things. Ukraine is just another excuse now to cover the dumping of shares by the Banksters that has been going on since the fall, where we’ve had endless cycles of low-volume “rallies” followed by high-volume sell-offs – which is what we expect to see when institutions try to dump their shares on retail investors, who are brainwashed to “buy the dips.”
Never forget that, in 2008, the Financial Media was telling us to “Buy the Dip” all the way from -10% to -66% and I’m not saying…
Provided courtesy of Phil’s Stock World.
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Source: https://www.philstockworld.com/2022/02/18/faltering-friday-again-ukraine-this-time/?utm_source=beforeitsnews&utm_medium=feed&utm_campaign=psw-feeds&utm_content=article-link
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I like the Saturday Night Live thumbnail. It is from a time, decades ago, when that show was funny.
Sorry, but your Certificate Of Varification ID numbers are wrong. Take the fkn Mask OFF, take a moment to replenish your brain with oxygen, before the libtards either deem it a biohazard and attempt to ban it, or they decide it to be of some use, and attempt to monopolize it then ration it out to us, claiming there are shortages. IF your bologna virus numbers were right, then the Krass Blob’s depopulation plan would be on schedule. BUT THEN we wouldn’t need the vaccine. Big pharma and the olliegarks(misspelled on purpose bc they are assholes) wouldn’t have made billions. OOHHH the irony!
War breaking out NOW in Ukraine! Russians invading, Air Sirens
BIN is fake news central these days.