SpearReport is taking the Iran situation seriously enough to advise their clients to use Rydex Bear Funds (RYTPX or RYVNX) to hedge their portfolio.
They believe any disruption of oil supply at this time will have a major negative effect on the U.S. stock market .
That U.S. is now extremely vulnerable.
I am changing my 50/50 status to 80/20 that the worst case happens.(The London Telegraph story has now been picked up by the world press, it is a headline story in India today).
i simply don't share your belief that rational pragmaticism is a player in this showdown between Iran and U.S.
U.S. is playing brinkmanship with a man that is making a move to take the center of power in Iran unto himself.
Mahmoud Ahmadinejad simply will NOT back down.
He has made this a matter of pride to the vast majority of Iranians.
Shi'ite Islam simply will not tolerate another humiliation, and he is dealing with Bush "it's my way or i will kick sand in your face, diplomacy".
Bush does not think about the consequences of his actions, he has demopnstrated that part of himself over and over again.
I simply don't share your confidence this will all "get fixed" and no oil disruption occurs, that is IMHO, ONLY;), of course.
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