Well, howdy there, Internet people it spell again.

So today, we're going to talk about Iran not shaking the markets and concerns.

As the oil price remains elevated, and the market doesn't fall the way many are expecting,

questions are starting to come in about what it means for

everybody. Quote, Bell, I'm watching oil rise as steadily as the sun, and the stock markets are

shrugging it off. I know you're focused on the military stuff because you can actually turn it into English.

This week, I learned the miso with something other than a soup, which is cool, but I'm dying

to hear why you think the market is only down about 5%. My answer is pretty simple, but let's go over what the big names say first.

Bank of America Securities Global Economist Antonio Gabriel has a pretty simple explanation.

Quote, while a quick resolution to the conflict is certainly a possibility. We view the conflict extending

into the second quarter as an equally likely outcome, and a more protracted war cannot be ruled out.

However, markets seem to be pricing a largely transitory shock. Okay, investors are underestimating the potential

for this to be a big shock. He went on to say, quote, in our view, markets are focusing

mostly on inflation, while more disruptive scenarios for global growth may be underpriced.

That part makes more sense. They're more worried about the danger they're familiar with.

Younger investors may literally not be aware of how bad an oil supply shock can rattle the world.

The global commodity strategy head over at RBC Capital Markets seems to be predicting a longer

fight.

Quote, expanded U.S. war aims as well as Iranian asymmetric capabilities and desire to restore deterrence, could prolong the conflict well into the spring.

We believe that we will exceed the Russia-Ukraine oil price highs of $128 per barrel in 2022 if the war continues for another three to four weeks, with minimal progress on maritime security, and that we will surpass the 2008 peak of $146 per barrel if it extends for several more months.

Okay. Well, I can say I'm pretty confident the markets won't ignore $130 or $140 per barrel oil and the accompanying inflation. People who were talking about Biden inflation will look back fondly on those days.

Why do I think the markets haven't reacted yet? Mainly my standard answer to explain the massive

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