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Can somebody explain why the S&P didn't crash later in the afternoon after news of the Iran ceasefire collapse ? [View all]
Sure, the day started with irrational positivity on the previous evenings news of the ceasefire, but it was being reported by early afternoon today, before the markets closed, that Israel was bombing Hezbollah in Lebanon and also bombing Iran and that Iran had closed the strait of Hormuz.
Why didn't the market drop before closing? Did the plunge protection team keep up the buying to inflate the price so insiders could sell? Was this failed ceasefire another market manipulation move by TrumpCo?
What's going to happen tomorrow?
7 replies
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