The Pre-Market is tanking

[flamingdem]

Traders didn't like the 2-3 weeks and the bomb them back to the stoneage comment.

Oil jumped to 103 in overnight trading.

I thought that he surrendered but guess it depends on interpretation.

[JBTaurus83]

1. He doesn't give a shit about the overall market

He will play this to the advantage of himself and those around him. The shorting and insider trading will continue.

[David__77]

2. I think he actually does care and is disciplined by the marker

Hence he wildly contradictory statements

[flamingdem]

7. Which do you think he'll pursue?

Leave or stoneage?

Was unclear.

The market hates uncertainty.

I agree he cares. Ego thing, midterms and Scott Bessent in his ear.

[David__77]

13. Neither exactly... he's trapped.

He wants to stop and change focus and cannot do so. “Escalating” likewise will do no good. Sure they’ll keep committing big crimes.

[FHRRK1]

21. Saw a post, maybe DU, not sure

Basically saying, his entire life tRump walked into a place and started bullying people, he was always saved by his Dad or others. This time he walked into a Maximum Security Prison and punched a skinny brown kid, not knowing he was the craziest guy in the place and there isn't anyone to bail him out.

[flamingdem]

8. Bessent is doing something to keep oil prices down

And that could backfire. Hard to figure out if it's all manipulation or just incompetence.

[gab13by13]

14. It's definitely not the invisible hand of the market

3 days ago Ukraine took out a Russian oil facility that processes 20% of Russian oil and the market never blinked.

Krasnov gave the farm away to the fossil fuel industry so now they are obligated to pay him back.

[flamingdem]

22. This didn't make the news at all

That's crazy. Major news.

[roamer65]

3. Here comes $150 oil.

I think national average of $6 a gallon will help Planet Earth.

[chicoescuela]

4. Yep in a strange way you're right

[roamer65]

11. We will only stop overconsuming when prices actually prevent it.

There are a lot of large gas hogs that need to be take off the road through gas price rationing.

[DFW]

19. Hard to say. We have jumped here from $7.50 to $9 per gallon

No one is driving less here, just complaining more.

[roamer65]

23. Gas stations in South Florida are starting to run out of certain blends and diesel.

1974 here we come!

[DFW]

24. Diesel is running low here as well

For the rest, it’s a good thing distances here are shorter.

[roamer65]

25. Survival Lilly on YouTube gives good information on the fuel problems in Europe.

She mentioned today that Slovenia has started fuel rationing.

[ms liberty]

26. Been there, that time, that place (Tampa Fla)

Yea, that was fun. Sitting in line for gas in the heat with a thousand other people, rationed to $5.00 worth, odd days/even days. The gas crisis happened right before I got my learner's permit.

[ProudMNDemocrat]

5. I wonder what Trumpers are thinking about now?

THIS IS THEIR DOING! That is what I think! THIS IS WHAT THEY VOTED FOR!

[marybourg]

10. Got a call today from a young-ish friend who drives all day for work

while listening to AM radio. Needless to say he has developed some strange ideas, and voted for T rump. He has “discovered that T rump is an uncaring moron”, and he wondered if I had discovered that also?

[gab13by13]

15. My son-in-law's relatives are Magat zombies and they do not blame Krasnov for high gas prices.

[Ilsa]

17. Sure, blame Iran. Oh wait.

Everything was calm until t rump bombed them.

[usonian]

18. From my service days:

“Have you discovered that Trump is an uncaring moron”
CAN YOU SAY THAT LOUDER? I CAN’T HEAR YOU.

“Have you discovered that Trump is an uncaring moron”
CAN YOU SAY THAT LOUDER? I CAN’T HEAR YOU.

“Have you discovered that Trump is an uncaring moron”
CAN YOU SAY THAT LOUDER? I STILL CAN’T HEAR YOU.

And by the way, there’s a 50,000 watt oldies station that might rock and roll you all the way home.

[Aussie105]

6. Australian share market is open and tanked big time.

Went from 0.2% up to 1% down real fast.

Was it something someone said? /sarcasm

I hate it when markets get all panicky and twitchy, and respond to the verbal spew from an obviously deranged person.

Any resolution to the fear and panic seems further away now.

[onenote]

12. I don't think a one-half of one percent decline is "tanking."

It does indicate that the market wasn't convinced by his speech that things are on the upswing.

[Ilsa]

16. WTI at 105 now. Dow futures look about 1% down. nt

[Renew Deal]

20. He'll probably announce new negotiations by 7:30AM because of his "powerful" speech