A Few ThingsA few people have responded to my post on the US election and this is welcome.
In fairness to them, I agree that most of the time it really doesn't matter who wins an election despite the media saying "this is the most consequential election". Where I differ is that I do believe that the election coming up in the US is a battle between Marxism and Capitalism and a Harris election will mean 8 more years of a march towards Marxism.
We all know from history that Marxism doesn't work and more importantly for the people here as investors, this is not good news. To me,this is why I as a pragmatic investor is watching this closely. I recommend that others here do the same.
On this Board there also talk of Israel attacking Iranian oil infrastucture. For sure if this happens there would be a spike in oil prices. To me, in practical terms this is highly unlikely for a number of reasons. I stated earlier that such an attack does not help Israel in the short run and so they have more immediate rthings to deal with. Second, such an attack would likely spin the world into a recession which is bad for stocks and more importantly, if Israel did this they would not get support they need from the US especially if Harris wins the election in 30 days. So in practical terms, I would not make investment decisions on oil thinking that Israel will bomb Iranian oil targets.