All,
Picking up one of Jury's discussions and "IT's" comment about the Gulf, it seemed to me two weeks ago that nothing would happen for a while, but the two weeks are up, the Olympics are winding down, and the scandal is heating up. The coming week could see some saber-rattling and perhaps an aerial strike. There is even the long shot chance that there will be some specific ground raids which capture a weapons site and prove that there were Iraqi weapons to justify the concerns. This is just an intuitive assessment, but if true, it means that you've got a good idea, "IT". A small position in oil might be a good place to park some money for the next 3 months.
I still don't see it as a downswing for the market as a whole, but we have seen some real gains in the last two weeks, and the market might use such news to pause and catch a breath.
(Welcome back Steve.)
Regards,
Marc |
