As a Valentine day present for the US, Syria has switched all of the state's foreign currency transactions to euros from dollars on the 14th. Iran is going to do it in March not to mention starting the oil bourse. I predict a very bad time for stocks in March...
Makes perfect sense, since Condi's crying wolf about the nuclear program, I'm sure embargos and frozen assets are next. You know what's real funny is the the future President of Iraq is a big fan of the present boss in Iran. Ironic or should I say moronic. This is the proverbial wall of worry we are climbing or is this minipulation prior to the slaughter.
From the news services. Oh, you might guessed right, not from the American ones. It is probably a coincidence, but all 3 "axis of evil" countries switched or planned to switch from dollars to euros....
Old news already. http://today.reuters.com/news/newsa...432231_RTRUKOC_0_US-SYRIA-US-FOREX.xml&rpc=22
"axis of evil" is just a name we like to put on a country before we invade them and take all their sh*t...
Ever think that in their minds that the US/GB is the axis of evil? Imagine putting yourself in their situation and have your country invaded and turned upside down for oil.
Sure, it is only question of point of view. I just quoted W. Anyway, going back to the situation and economy, my bet is that we are going to top in the next 5-7 trading days and after that it is a big Hello Dolly.....