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re: Black Monday - Iran says that it has fired first wave of Ballistic Missiles at Israel.

Posted on 4/15/24 at 7:23 am to
Posted by slackster
Houston
Member since Mar 2009
85137 posts
Posted on 4/15/24 at 7:23 am to
quote:

Gonna be ugly


Posted by Big Scrub TX
Member since Dec 2013
33598 posts
Posted on 4/15/24 at 9:19 am to
quote:

Gonna be ugly
More unfulfilled doomcasting. Oh well, there's always DWAC.
Posted by deathvalleytiger10
Member since Sep 2009
7612 posts
Posted on 4/15/24 at 11:45 am to
quote:

my main thought is we spent probably 2 billion to defend against maybe a 100 million in drones and missles.


We paid for both sides.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71410 posts
Posted on 4/15/24 at 11:54 am to
quote:

More unfulfilled doomcasting. Oh well, there's always DWAC


Yeah, it's totally unreasonable to expect war breaking out in the ME to cause the market to drop. Investors love uncertainty and expensive oil.

I'm disappointed that stocks aren't on sale.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11196 posts
Posted on 4/15/24 at 12:38 pm to
Actually it is when revenue growth rates are 10% and earnings are at 4% and buyback desks aren't getting banned. That's without considering indexation.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
74290 posts
Posted on 4/15/24 at 12:53 pm to
quote:

More unfulfilled doomcasting. Oh well, there's always DWAC


Further proof you dont have severe tds
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51814 posts
Posted on 4/15/24 at 12:54 pm to
quote:

Yeah, it's totally unreasonable to expect war breaking out in the ME to cause the market to drop. Investors love uncertainty and expensive oil.


This one was a little odd. Iran sent a frickton of drones in an attempt to overwhelm Israel's defense, then followed that with cruise missiles. (they all but officially declared war on Israel)

About half of what was sent failed on its own.

About 99% of what didn't fail on its own was taken down a combination of US, UK, Jordanian, Saudi and Israeli defensive measures.

I don't think Iran was expecting that, thus they quickly moved into a "we've made our point" stance (granted, it may have been part of their original plan, but you never know).

Israel has yet to retaliate, but when they do it will likely not be the telegraphed "shock and awe" spectacle we saw with Irans hundreds of drones followed up by missiles.

Also, this was done over the weekend. By the time traders got behind their computers this morning, the dramatics of it had long worn off and cooler market heads were prevailing.
This post was edited on 4/15/24 at 12:55 pm
Posted by Big Scrub TX
Member since Dec 2013
33598 posts
Posted on 4/15/24 at 1:27 pm to
quote:

Iran sent a frickton of drones in an attempt to overwhelm Israel's defense
Is that accurate? I thought consensus was this was like their retaliation after the assassination in Jan 2020 - telegraphed and calibrated to be "something" without actually really being anything.
Posted by Big Scrub TX
Member since Dec 2013
33598 posts
Posted on 4/15/24 at 1:30 pm to
quote:


Yeah, it's totally unreasonable to expect war breaking out in the ME to cause the market to drop. Investors love uncertainty and expensive oil.
It's very on brand for this website - a bunch of dudes declaring certainty on very complicated things...and then not only never showing up to take the loss, but also never learning from it or having their arrogance even slightly diminished.

I mean, the thread literally says "Black Monday". Did the OP really think there was a chance the market would make a move of a magnitude commensurate with any of the other "Black" days in history? It was preposterous on its face. (And that's before we talk about WWIII)
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51814 posts
Posted on 4/15/24 at 2:04 pm to
quote:

Is that accurate? I thought consensus was this was like their retaliation after the assassination in Jan 2020 - telegraphed and calibrated to be "something" without actually really being anything.


The 2020 response was something like a dozen or so missiles hitting the edges of two US air bases (along with Iran reportedly contacting Iraq just before it happened, because Iraq would notify the US to be on alert). I think an empty helicopter got its paint chipped.

They sent hundreds of drones and over 100 ballistic missiles from four different countries (Iran, Iraq, Lebanon and Yemen) at Israel. That's a massive effort well over 2020's Operation Martyr Soleimani. No one had ever tried sending that many drones at Israel before and the missiles were timed to be there just after the drones arrived.

Occam's Razor.

It may well be that had the drone attack worked and all of the missiles landed, they would have been satisfied with "see what you get!?!" but I sincerely doubt it. This is a country whose leadership has pledged to "wipe Israel off the map," they wouldn't have put such a tremendous offensive effort in play just to say "bygones" afterwards (unless it failed spectacularly).
This post was edited on 4/15/24 at 2:05 pm
Posted by Dawgfanman
Member since Jun 2015
22536 posts
Posted on 4/15/24 at 2:28 pm to
Posted by SlidellCajun
Slidell la
Member since May 2019
10503 posts
Posted on 4/15/24 at 2:36 pm to
I have little confidence that Iran can do squat militarily

Iraq gave them all they could handle and we destroyed Iraq with ease

What worries me is that others will join in that fight with Iran and create a nasty protracted fight.

I’m buying oil and oil related stocks in addition to defense names like Raytheon and Lockheed Martin
Posted by Jjdoc
Cali
Member since Mar 2016
53502 posts
Posted on 4/15/24 at 2:43 pm to
It not another military that worries me. It's the harsh reality of our open border and people chanting death to America (doing it today too.).


Somewhere there is a cell that will be called into action. Take out a power grid and the USA will be hurting.


Posted by Big Scrub TX
Member since Dec 2013
33598 posts
Posted on 4/15/24 at 3:51 pm to
quote:


The 2020 response was something like a dozen or so missiles hitting the edges of two US air bases


I think it's more severe than you are recalling.

LINK

And I think you are assessing the current one as more severe than it was.

LINK
Posted by LSURussian
Member since Feb 2005
126965 posts
Posted on 4/15/24 at 3:58 pm to
quote:

I'm disappointed that stocks aren't on sale.
Are you happier now?
Posted by Wraytex
San Antonio - Gonzales
Member since Jun 2020
2016 posts
Posted on 4/15/24 at 4:21 pm to
There is a Lot of “ Death to America” Chanting going on within our borders these these days. It’s just being said under their breath
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51814 posts
Posted on 4/15/24 at 4:34 pm to
quote:

I think it's more severe than you are recalling.


How many people (regardless of country of origin) were killed? How many were even wounded?

quote:

On 8 January 2020, shortly after midnight, Iraqi Prime Minister Adil Abdul-Mahdi reportedly received a message from Iran indicating that the response to General Soleimani's death had "started or was about to start". Exact locations were not disclosed, but U.S. officials later confirmed their troops had adequate advanced warning of the attack and had taken shelter. Amir Ali Hajizadeh, the commander of the Islamic Revolutionary Guard Corps Aerospace Force, later clarified that half an hour before the missiles were fired, Iran informed the Iraqi Prime Minister that they would strike a base in Iraq without saying which base was the target. Hajizadeh said the Iranians gave forewarning to the Iraqi government out of "respect".


It's not very serious if they are warning others ahead of time.

quote:

The exact number of missiles launched is disputed. A spokesman for U.S. Central Command said fifteen missiles were fired; ten hit the Al-Asad airbase, one hit the Erbil base, and four failed to reach their targets. U.S. defense secretary Mark Esper later gave a similar estimate, saying 16 short-range missiles had been launched from three locations within Iran, with 11 striking al-Asad (instead of the prior estimate of 10). Kurdish security officials told CNN that at least two targeted Erbil: one hit Erbil International Airport and did not explode, the other landed about 20 miles west of Erbil. According to the Iraqi military, 22 missiles were fired between 1:45 a.m. and 2:15 a.m. local, 17 toward Al-Asad base and 5 at Erbil.


Even taking Iran's number (and they have been known to fudge a bit), that's not even a quarter of just the missiles (much less the bomb-strapped drones) sent against Israel.

quote:

And I think you are assessing the current one as more severe than it was.


I'm assessing that they thought their drones were going to be more impactful and that they didn't realize there would be a coalition of defensive fire from other countries.

If they were going to send a message like in 2020, they would have simply flown a dozen or two drones in from Lebanon or Syria and aimed them at some government building. Instead, they sent a ridiculously large contingent of missiles and drones in the middle of the night.
Posted by Big Scrub TX
Member since Dec 2013
33598 posts
Posted on 4/15/24 at 5:37 pm to
quote:

How many people (regardless of country of origin) were killed? How many were even wounded?
You tell me. At first, the US appears to have really downplayed it before actually reporting some fairly serious injuries for a couple of hundred (including purple hearts).

quote:

It's not very serious if they are warning others ahead of time.
They essentially telegraphed it the same way for this Israel attack - particularly given from how far away it was. I mean, there were articles all week about an impending attack.

quote:


I'm assessing that they thought their drones were going to be more impactful and that they didn't realize there would be a coalition of defensive fire from other countries.
Could be. IMO, it's a bunch of showy stuff that everyone knew wasn't going to be all that impactful.
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
51814 posts
Posted on 4/16/24 at 9:20 am to
quote:

You tell me.


That's not an answer. I asked a legitimate question. If you don't know the answer, just say so.

From the attack on Israel, one young girl was severely injured, many others were slightly injured (shrapnel, falling while running for shelter, etc). The issue with the injury aspect is that when they landed bombs near the US bases, they did so knowing these were military personnel (ie: combatants or near/potential combatants). In the attack on Israel, they fired indiscriminately (largely because their targeting over distances that far is utter crap, but very likely they consider any dead or injured Israeli to be worthwhile).

quote:

They essentially telegraphed it the same way for this Israel attack - particularly given from how far away it was. I mean, there were articles all week about an impending attack.


Meh. It's not an attack until it's an attack. "Impending" can be a range on a spectrum from "they're in the air" to "I heard from a friend, who heard from a friend, who heard from a friend...". They called Iraq when they fired their 2020 missiles, but they didn't contact anyone this weekend (at least that we know of yet). You can claim their sending missiles over such a long distance is a telegraph (and it is, in a way), but it's nowhere near as purposeful as a warning phone call. They're simply not the same.

quote:

Could be. IMO, it's a bunch of showy stuff that everyone knew wasn't going to be all that impactful.


You and I see this from the exact opposite angles. I see 2020 as the dog-n-pony show. They lobbed a few missiles within a range where they have reasonable targeting and made sure US bases ended up on high alert. If they were wanting to do that with Israel, there are far easier methods.

1. Fire a dozen or so missiles from Lebanon or Syria. From that range their targeting is far better so they could have been more likely to restrict potential hits to military targets.
2. Send over a few dozen drones from Lebanon or Syria to target government installations. Again, the targeting is better and at such a low altitude (they were flying something like 50-100ft above the ground, I think), the missile defense system would have been worthless.
3. Call Jordan to let them know they are sending missiles and drones through their airspace (instead, they issued a blanket warning to anyone who aided in Israel's defense, which isn't sitting well with Abdullah, even though there is a large Palestinian population in Jordan), knowing Jordan would quickly get word to Israel through allies (thus mitigating possible civilian casualties).

Any one of those would have been clearer as only a "message", they did none thus I see it as being more than simple a message.
Posted by Big Scrub TX
Member since Dec 2013
33598 posts
Posted on 4/16/24 at 11:18 am to
quote:

That's not an answer. I asked a legitimate question. If you don't know the answer, just say so.
I linked you to a Wiki article with specifics - it is footnoted, but it's up to both of us to determine the veracity of that. Sounds like it was scores of TBI and as well as some severely burned soldiers. And these casualties were sustained despite (supposedly) advance warning/knowledge of the attacks from the Space Force.

quote:


You and I see this from the exact opposite angles. I see 2020 as the dog-n-pony show. They lobbed a few missiles within a range where they have reasonable targeting and made sure US bases ended up on high alert. If they were wanting to do that with Israel, there are far easier methods.

1. Fire a dozen or so missiles from Lebanon or Syria. From that range their targeting is far better so they could have been more likely to restrict potential hits to military targets.
2. Send over a few dozen drones from Lebanon or Syria to target government installations. Again, the targeting is better and at such a low altitude (they were flying something like 50-100ft above the ground, I think), the missile defense system would have been worthless.
3. Call Jordan to let them know they are sending missiles and drones through their airspace (instead, they issued a blanket warning to anyone who aided in Israel's defense, which isn't sitting well with Abdullah, even though there is a large Palestinian population in Jordan), knowing Jordan would quickly get word to Israel through allies (thus mitigating possible civilian casualties).

Any one of those would have been clearer as only a "message", they did none thus I see it as being more than simple a message.
I'm not disrespecting or discounting your perspective. You might very well be right on all counts. What I'm saying is - in the context of this thread - it was utterly absurd to have expected "Black Monday" based on what happened. I would submit that regardless of what actually happened, it clearly was simply of a magnitude that was not overly extreme. It was serious, yes. But it wasn't armageddon or anything. If they had truly wanted to start WWIII, can we agree they would have done something MUCH MORE severe than this?

My sense is Iran knows they are operating within clear constraints and they aren't breaching those. Compare this to, say, Russia or Boko Haram.
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