Unsurprisingly, as more reports come in from Iran, the picture changes again.
According to reports this past minute, Russian observers on the ground in Iran report no explosion near Iranian nuclear facilities (they are building it, so they ought to know) and there are apparently reports a fuel tank may have dropped from an Iranian war plane.
Chances remain high that Mr. Greenspan’s testimony will mean more today than events overseas. Yet we can derive something useful from the market’s reaction to speculation and sketchy news – this should at least serve as a caution to us going forward.
05.02.16 09:16 #