Steve Eisman (The Big Short)

[tsptalk]

Steve Eisman says investors should ignore U.S.-Iran war, will be long-term ‘positive'

“I think long term, this is very, very positive,” Eisman said. “People react because of what’s happening, oil prices are obviously up. But if it goes well, two months from now, prices will be back to where they were.”

Steve Eisman says investors should ignore U.S.-Iran war, will be long-term 'positive'

When asked by CNBC's Joe Kernen whether he would change anything because of the conflict, the investor of "The Big Short" fame responded with, 'Not a single trade.'

www.cnbc.com

 

[jonfresno]

I remember just before the Iraq war gas was inching down big time in my area, then shot up big time when the war started. I saw a guy say that we should soon see oil prices down to $20 a barrel. Might have been Murdoch if I remember. That never happened. Never happened big time.

Not a commentary on the war, more about how these guys don't know anymore than we do. . I'm hoping it comes down, but I seriously doubt it.

 

[tsptalk]

Yeah, trading is certainly humbling, and there are two schools of thought about success and what to do when you're wrong.

One, identify if you are on the wrong side of a trade quickly, and get out of it fast.

The other is, be right and sit tight, which was the premise of Michael Burry's character in The Big Short (and real life) as he sat on that losing short trade for years before it became highly profitable.

More recently he was short AI and tech stocks, and wrong for a long time. It's going well now for him, but he may not be profitable yet on that one.

 

[nasa1974]

Talked to my financial advisor today about my grandkids 529's. He said that he was surprised the markets weren't down.

 

[tsptalk]

He said that he was surprised the markets weren't down.

He needs to read TSP Talk.

If the stock market does react to the start of the Iran war it may be more of a reaction to the price of oil or the dollar because it won't have much of an impact on the demand for semiconductors, AI growth, etc., so I suspect any knee-jerk reaction will be nothing more than that - a knee jerk reaction that may just snap back to "normal" rather quickly.

Thread 'Stocks end February on a sour note, and now war begins'

Monday at 9:36 AM

03/02/26

Stocks fell on Friday although the indices did climb well off their lows to close near the highs of the day, just to keep us guessing as to which way this market is going to break, after a 5-month consolidation. Small caps got hit the hardest despite a big drop in Treasury yields. The I-fund continues to outperform the US stock market funds. But now war begins. What's next?

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