"Real investors" are simultaneously nervous and hopeful, confident yet resigned. Yes, their basic belief in equities as an investment class is sound and supported by the last five years of good performance. At the same time, they understand the nuances of the bear case extremely well and are prepared for a long slog of lower returns.
"We wish that Iran would change its policies and stop meddling in the affairs of other countries in the region, in Lebanon, Syria, Iraq and Yemen. We will make sure that we confront Iran's actions and shall use all our political, economic and military powers to defend our territory and people."
Have no fear America, because General Nagata is about to take a "senior" counterterrorism position which means the country will be protected from extremism by the kind of "creative thinking" that sent 60 undertrained fighters into the most dangerous place on earth "ill-prepared for an enemy attack" with "no support from the local population" and "poor intelligence about their foes."
Current oil prices are simply not low enough to stop over-production. Unless external investment capital is curtailed and producers learn to live within cash flow, a production surplus and low oil prices will persist for years.
After yesterday's closing ramp "prudently" just ahead of an abysmal IBM earnings report with the lowest revenues since 2002, and the latest rally in capital markets which sent European stocks to their highest level since August on the back of a barrage of global bad data which has unleashed the Pavlovian liquidity dogs screaming for moar central bank bailouts, this morning has seen a modest decline in the Stoxx 600 driven by energy names, while S&P500 futures are set to open lower on IBM's disappointment at least until the latest massive BOJ USDJPY buying spree sends the pair to 120 and the S&P solidly in the green. The biggest political event overnight was the Canadian election, where Trudeau's liberals swept PM Harper from power, capping the biggest political comeback in the country's history; the Canadian dollar is largely unchanged after initially weakening then rising.
The world sits at a very precarious point once again in time. There is a very real possibility, as well as an ever-increasing chance one wrong unintended or misunderstood event could trigger an all out war of global proportions. For the matter at hand, the players involved, the possibilities of doing just the slightest of wrong moves whether intentional or not, at precisely the wrong time; has the inherent risk of triggering world events in ways and at magnitudes not seen since WW2. And if you think that’s hyperbole – you’ve just not been paying attention.
"[Putin] hopes that when its ally Iran re-enters the global oil and gas market, Russia will somehow share in the profits, perhaps through new pipelines across Syria. He also wants to stop the Saudis from establishing export routes in Syria. Now that Russian energy supremacy in Europe also is at stake, Putin's determination to resolve the Syrian conflict on his terms can only grow."
"The United States' provocative attempts to infringe on China's South China Sea sovereignty are sabotaging regional peace and stability and militarizing the waters.What on earth makes the United States think China should and will tolerate it when U.S. surface ships trespass on Chinese territory in the South China Sea?"