Over the three weeks that this war has been going on, there has been one consistent event: the President’s persistent pledges that this whole thing was going to be over Real Soon Now or that, indeed, it was already over. In point of fact, Trump expressed outrage that Iran was still shooting at ships in the Strait since it wasn’t “fair” that they do that since the war was already won (in “the first hour“, by his own account).
To anyone and everyone buying stocks based on these pledges of the conflict’s imminent completion, please meditate for a moment on this item I remember so well from March 2020:
