DOW is down 2.25% at open

[BlueWaveNeverEnd]

[Scrivener7]

1. Wow! The VIX, which is a measure of people's anxiety over the market, is up at 21%. Which means highly anxious.

And all that is the opposite of what usually happens when the US goes to war.

[karynnj]

9. I wonder if the VIX being so high explains the drop

Cause and effect could go either way.

Because it is very early in this war, it is hard to picture how it ends up. With so many top leaders killed, it may not be like the killing of the military leader in Trump's first term or the attacks last June when Iran's response was comparatively moderate.

The impact on the economy might be that higher costs of oil and gas will raise the price of almost everything. I think this will be different than in the 1970s. The percent of fuel produced in the US is far higher. That might mitigate shortages, however the price for this commodity will be set by global markets. Worldwide shortages will cause the price to rise.

What I expect is a rise in inflation. It was one factor in the extremely high inflation in the late 1970s.

[Scrivener7]

20. They often move together, with the VIX being very slightly predictive.

[underpants]

2. Pamela Jo must not be happy

Link to tweet

?s=46&t=3VBm1LJ8j8qLp6JTs_8J2A

[lostincalifornia]

3. This could collapse the world economy.

[Renew Deal]

4. Iran has calculated that the best way to win is economic warfare

And they are right

[Johonny]

5. Apparently the White House's inability to explain

Their war, state any goals, any time line or if they'd actually be able to keep oil production safe . . .

The markets gave them a day and we're still waiting. The department of war says one thing, state department another, and the president talks about drapes....

[karynnj]

11. Add in they didn't issue warnings for people to leave before the strike

Now, they are suggesting Americans leave, but the embassies are saying they can't help.

I wonder if people remember the outrage that some Americans, who ignored repeated warnings and a public timetable for withdrawal, were not all evacuated. In addition, there was anger that Afghans who worked with us were not evacuated.

[ProudMNDemocrat]

16. Killing Americans abroad...A sacrifice TACO is willing to make.

I have friends traveling abroad coming back from Antarctica on a once-in-a-lifetime trip.

I fear for the lives for those in Europe, Asia, and the Middle East either traveling or working. Trump has basically put targets on their backs and with no warning before hand or help to get them out.

[LuckyCharms]

6. 2.5% now...

Waiting for the crash here, but the plunge protection team will likely step in later.

[BlueWaveNeverEnd]

19. Recovered to down only 1.4%

[Ping Tung]

7. DOW −1,233.91

[Jacson6]

8. But the DJIA was at 50k a few weeks ago. DUH!!! n/t

[Johnny2X2X]

10. DOW is only up 7% total now under Trump

Average is 10.4% a year. So he’s done zero for the economy including your 401K.

[Norbert]

12. Should we tell Pamela?

[yellow dahlia]

13. They (meaning the grifter and his court jesters) can usually do or say something that turns it around.

(Which by itself is not a good thing, but a tangential discussion.)

They have made such a mess right now? What can they do or say to balance things out? What move can they pull to create something other than uncertainty and unpredictability.?

[Fiendish Thingy]

14. Glad I rebalanced my portfolio over the weekend

Moved some money out of US large and mid-cap and into European/international funds, which have been performing 2-3x better than US funds.

[Disaffected]

15. How do you do that over the weekend

when stock markets are closed?

[Fiendish Thingy]

17. I adjusted the percentage allotments on Sunday on my 457 plan's website, and the orders were executed yesterday.

[Greg_In_SF]

18. Coming back

Now only down 1.4%.