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Galt Stock Independent Investment Research for IRA’s and 401K’s
Dec 1, 2008
Who can we blame, who can we attack? Reading the Asia Times today gives me a new perspective on world events. I suggest you read the two lead stories here http://www.atimes.com/ . The attacks this weekend have political ramifications. Competing parties with elections approaching in India paint a bleak picture for cool heads to prevail. Was Pakistan or al-Qaeda behind the attacks? These articles are thoughtful, certainly not the drivel we hear on ABC, NBC, or CBS. There are good reasons for Pakistan to be behind the attacks, like diverting attention from taking on the Taliban to help the U.S., which they really do not want to do. Al-Qaeda may be the most calculating. They have free travel through India, but NATO has been pressuring New Deli to take a stronger stance against al-Qaeda. Al-Qaeda may be hoping for a withdrawal from challenging them like Spain left Iraq after the Madrid bombing. Whether India withdraws from challenging al-Qaeda or ratchets up tension with Pakistan (which diverts Pakistan’s attention from al-Qaeda), the bad guys win. The U.S. is caught in the middle of this because we have troops in the area and depend on Pakistan for military assistance and transport of supplies to our troops in Afghanistan. There are global implications that will affect the markets, and our war on terror, in the coming days.
The bear market continues, buy your favorites on dips and sell on the rallies.
WARNING: The information presented in this newsletter is based on generally available news releases, corporate filings, current events, interviews and the editor’s opinions. It may contain errors and you should not make investment decisions based solely on what you believe you have read here. Do your own research, it’s your money. If you lose it, it’s your responsibility, not ours or your grandmothers! The editor may or u amay not have a position in any securities discussed. The editor may have held a position in a security earlier, or in the future |
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