The Bears Get Bhutto
- Posted by Howard
- on December 27th, 2007
It seems like only the terrorists and bears are happy about the murder of Pakistani Prime Minister Benazir Bhutto.
It is the world we live in.
I can’t game these events. The bears will say their freaking charts predicted this. Their charts predicted 100 of 100 last declines…after they happen!
It’s bullshit.
The market was caught off guard. Completely. This happens once in a while. I am no political expert and not a news junkie. I have no real idea about the big implications. The bears and bulls will spin their cases over the coming months. Here is John Carney’s from Dealbreaker.com . Seems reasonable.
The financial mess is the financial mess. Oil has a terror premium. Today’s market had no idea this was coming. Period. Now it will start getting priced in.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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