@thedumbtrader Depositories are custodians of securities. If brokers go bust, it's not a big problem. Just don't not keep too much cash balance in demat.
@PeterLBrandt More than nomenclature, the idea is a consolidation before a break out. Many stocks move side ways in narrow band before breaking out even on monthly charts.
@dmuthuk The middle east infrastructure has enough defenses and resilience to withstand this.
The post is built on worst case stacking with assumptions that global policy makers will keep on making blunders after blunders.
The world is fragile but will not be broken. This too shall pass.
@dmuthuk EU navies and US 5th fleet will ensure that for sure. China and Russia will indirectly help Iran financially and diplomatically and will not get involved directly. Remember China needs gulf oil badly. Covid and GFC didn't trigger years of recessions so what's so special this time