Hmm, wonder what the historical data says on corrections between these three assets and media announcements of drone strikes, versus a control of non-announced drone strikes. Would be some fun data analysis.
#3 | POSTED BY GONOLES92 AT 2020-01-15 01:23 AM
media announcements are not the same as telling the Cronies at Mar a Lago.
The issue is not how the strike affected the market. The issue is that only a few people had advance knowledge that made everyone else their patsies.
The Stock market is an exchange, It never creates wealth or destroys it. All it ever does is change whose pockets the money is in.
Person A starts with X dollars and Y shares of stock.
Person B starts with Z dollars and W shares of stock.
The two of them have X+Z dollars and Y+W shares of stock.
Person A buys V shares of stock from person B for T dollars.
Person A now has X-T dollars and Y+V shares of stock.
Person B now has Z+T dollars and W-V shares of stock.
The two of them still have X+Z dollars and Y+W shares of stock.
Buying low and selling high does not create wealth. It means some Schmuck sold low and another Schmuck bought high and at the end of the day the number of dollars is the same.
Trump telling the guests at Mar-a-Lago made all other investors uninformed schmucks