Wednesday, September 11, 2013

Risk On / Risk Off: Obama And Kerry Flip-flop On Syrian War (Likely Until After Obamacare Launch)

09/11/13


President Obama spoke tonight and flip-flopped on Syria. We are going to launch, but we might later. In other words, markets should remain nervous, but better than a few days ago.

Actually, President Obama still wants to launch what Kerry called a “really small” strike, but wants Congress to postpone a vote.

I predict that we will not get final resolution on Syria until after October 1st, the kick-off date for Obamacare.

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