RUMORS & SPECULATION (for emphasis)

    There is some banter out there that the dollar rally and some US equity support has been coming from Saudi Arabia , Kuwait , and the UE. Their rationale goes that those Middle-eastern countries are afraid that the US would not protect their interests under an Obama presidency and problems from Iraq , Iran , etc. could spill into their countries while the US merely jawbones the problem with the UN. A second part of it is rumors/speculation that Israel would attack Iran's nuclear installations  in between an Obama win and his inauguration.

    This hypothesis suggests that the rip-roaring dollar rally is a result of the Mid-east support and that they may also be buying US equity futures at critical times. It also suggests that they want oil prices down around $100/barrel pre-election and declining gasoline prices in the US .

    I am not suggesting that any implication of what Obama might do or what middle-eastern countries are doing, thinking, or might do have any merit at all. I just wanted to put out there some of the banter I am hearing to consider within the realm of considering “all sides” of many different spins that investors may be acting on.

    You "could" construe this as having a political bias towards either major party, but is intended as purely informational.

    U.S. Treasury says imposes sanctions

    Posted by jbarry on 10th of Sep 2008 at 01:14 pm

    U.S. Treasury says imposes sanctions on Iranian shipping line, 18 affiliated entities

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