This week should be interesting, not just because signs of stress are showing in the Euro banking system, or the Irish elections on the 25th (how serious was FG, etc, about renegotiating?).
Things are heating up in the Middle East and North Africa. Libya, Bahrain, Yemen, Iran, even Algeria and Morocco to a lesser extent. In Tunisia and Egypt, the leadership's response was to abdicate to the people (or at least those who "spoke for" the people). Libya seems to be heading in the opposite direction. The situation has a very Emperor Justinian/Nika riots feel to it. That will be one of the major stories to watch this week. How hard will the Libyan forces push? Will that trigger violent opposition, or the slaughter of the opposition leadership and preservation of the status quo? These same questions apply to Bahrain, Yemen, and perhaps Iran, as well.
This past week, of course, saw increasing equity prices. My current bet is on a correction, and if one doesn't happen soon, I'm going to exit this position and re-evaluate. But its been escalator-up, elevator-down, so if there is to be a bet placed right now, its to the down-side.
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