“It’s crazy and astonishing to see instruction coming from Washington to Saudi to act and replace a shortfall of Iran’s export due to their Illegal sanction on Iran and Venezuela... The U.S. tried it last time against Iran, but oil prices got to $140 a barrel."
After a session that has been a study in contrasts, S&P futures are unchanged as traders take advantage of "the calm before the storm" and prepare for the "week from hell."
"The steady performance of tech stocks has only reinforced the perception that they are defensive.... but with financial conditions likely to continue tightening, the moment of truth it could be at any moment, and without warning."
"Financial disaster is quickly forgotten. There can be few fields of human endeavor in which history counts for so little as in the world of finance..."
"If they retaliate they're making a tremendous mistake because you see we have a tremendous trade imbalance...the numbers are so much against them, we win that war 1000 times out of a 1000."
...after all, the last time the tech sector was more valuable than this, relative to financials, was at the very peak of the Dot-Com bubble in March 2000.
"The EU as a political construction is in a state of terminal decay. We know this for one reason and one reason alone: its core principle is the state is superior to its people."
"There is a risk that the US and China will escalate protectionist measures, imposing substantial costs on the two largest economies in the world. In this case, the rest of the global economy will also probably suffer."
