The Bears Get Bhutto

It seems like only the terrorists and bears are happy about the murder of Pakistani Prime Minister Benazir Bhutto.

It is the world we live in.

I can’t game these events. The bears will say their freaking charts predicted this. Their charts predicted 100 of 100 last declines…after they happen!

It’s bullshit.

The market was caught off guard. Completely. This happens once in a while. I am no political expert and not a news junkie. I have no real idea about the big implications. The bears and bulls will spin their cases over the coming months. Here is John Carney’s from Dealbreaker.com . Seems reasonable.

The financial mess is the financial mess. Oil has a terror premium. Today’s market had no idea this was coming. Period. Now it will start getting priced in.