Loading ...People sometimes say that life is stranger than fiction, well; there is a good logical reason for this. When it comes to bankers and politicians, the fiction becomes reality while the truth is hiding deep in the hearts of the accomplices. Last week and this morning are prime examples.
Last week, was a mostly positive week with low volume volatility. The week started with the most radiant country (unquestionably) winning the bid to host the 2020 Olympics. Japan market (and radiation) had a burst off the charts!
The issue de jour last week however was Syria. Obama da Hun was abundantly clear that we had no choice except going to war with Syria. As evidence, every time he gave a speech the war trade was on (markets sold off, treasuries bid lower, gold higher, and oil higher). On the other side, Putin da Reagan backed by nearly every other country in the world demanded a resolution based on diplomacy. As evidence, when Putin twitted, posted or spoke, the markets headed higher.
On Monday, the no-war trade paid off. Vladimir Putin proposed to the world an alternative for the Syria crisis that no one could resist, except the Special Olympics team in Washington (no offence to the truly handicapped). The good feeling lasted all day Monday and most of the trading day on Tuesday. Tuesday night Obama spoke to the nation in an attempt to gain support for a military strike against Syria. He just wanted one little missile!
On the anniversary of 9/11 (Wednesday), Obama continued to support Al-Qaida and the rebels trying to overthrow the government of Syria. Yet, Putin delivered the nail in the coffin and fatally killed Obama’s war plans. With his Reagan like charisma, Vladimir captured the hearts of the people throughout the world with his New York Times post.
http://www.alphasedge.com/classic/vladimir-putin-the-new-ronald-reagan
On Thursday, the markets consolidated after seven straight days of gain. The sell-off was weak but broad based. Maybe it was the “Larry Summers” 85% chance of being the next Fed Chairman that caused the sell-off, will we ever know?
On Friday the 13th, the market continued to head higher when it was clear the Obama had no choice but to back-off the war plans.
The highlight of last week however came on Saturday. When I say highlight, I mean the truly entertaining and the hilarious. Obama and the clowns on Washington went on a full court press. They desperately tried to convince the Nation that Putin did not win; it was actually Obama who caused the diplomatic solution to Syria by forcing the Syria issue. Can you believe the size of the balls on our politicians? This is like an arsonist taking credit for a fireman putting out a fire and saving the victims. Maybe if Obama and his Arabian friends didn’t arm the Al-Qaida rebels in Syria, we wouldn’t have a bloody war in the first place.
On Sunday Larry Summers declined to be selected as the next Fed Chairman. So this morning, the Markets are pointing to a very solid open. It’s either the no-war trade or the no-Larry Summers trade that’s giving the markets broad based optimism. Let’s hope this optimism lasts a few days.
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