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One one hand, we have news that Bush has given an “amber-light” to the Israelis to bomb Iran.
On the other we have a largest bank failure in decades, which is will cost the FDIC billions.
And of course we have the beginning of earnings season where we learn how realistic those 3rd quarter EPS projections really are…
No summer doldrums this year :).
- John
July 13th, 2008 at 1:11 pm
And then we have Fannie and Freddie. I’ll admit, and I’m not a doomsayer, that I’m concerned - but on the other hand, I have all my indicators at record lows. If Israel bombs Iran, I have to assume that oil will jump big time.
So, all in, I’m confused.
Bush seems just determined to get in that last attack at Iran before he leaves office.