I’ll preface by stating I own a full service logistics company. Surprised investor sentiment is holding strong and that the stock market has NOT reacted negatively to the port strike that could decimate supply chains, erode consumer confidence and cause inflation. I checked most large news outlets and the none are touting this seismic event. Wth is going on? The ports striking are every east coast and gulf ports. All ports are closed!
Largest port strike in history and its not being blown up, should be the most talked about event!!
byu/Frequent-Tadpole4281 inwallstreetbets
Posted by Frequent-Tadpole4281
28 Comments
The main problem is that this has all been already priced in since 2008
>ber knows a lot about docking
You’d think there was an election coming up or something.
Everyone has known about it for months.
Smart money is aware, and they will allow it to make headlines after they’re repositioned.
[deleted]
Lets get rid of the jones act while were at it
They gonna get their ass sent to work in 5 minutes by Congress
You give hand jobs and coordinate loads? Very interested.
The port strike hasn’t started yet and is still avoidable so why would the market react to something that hasn’t happened yet. Position yourself accordingly.
erode consumer confidence? b/c supplies won’t be delivered on time? 🤔
Just pay the workers. We’ve seen the books, we know they can.
President will order them back to work and give them whatever they want.
I.E, railroad.
Current admin will force them back to work. Just like they did with the railroad bros
Got an election in 35 days afterall…
lol I thought the Israelis or Russians must of attacked some super strategic port or something for a moment there
The thinking that smart money controls all media is preposterous. As is the thinking that all ‘smart money’ is on the same side. They all compete with each other, so even if they “controlled the media”, it would not be universal control.
A more plausible explanation is that smart money thinks it will be resolved soon.
Never go full port strike.
Shipping is fucked? Welcome to 2020
You mean this news? This was online before you made this post on reddit.
https://www.cnbc.com/amp/2024/09/29/us-east-coast-port-strike-set-to-start-tuesday-union-says.html
Core PCE only 0.1%. even if this strike makes it 0.2% it’s still fine.
Because the federal government will step in like THEY ALWAYS DO!!!
So what is the play
It’s election year my guy / gal.
I’m betting it will be short. They are just trying to match the West Coast Longshoreman’s agreement from last August.
[https://www.reuters.com/world/us/us-west-coast-port-workers-ratify-contract-agreement-2023-08-31/](https://www.reuters.com/world/us/us-west-coast-port-workers-ratify-contract-agreement-2023-08-31/)
All in $ZIM calls.
News article directly not automation projects. The union wants these to stop.
So I dont necessarily think the ports will be fully shut down…?
Any wallstreetbet longshoremen?
Just put my fries in the bag
The doom posts are flooding this sub today 