subject: Macro Millionaire Coaching Program Global Market Comments for March 23, 2011 | Welcome to World War III [print this page] Macro Millionaire Coaching Program Global Market Comments for March 23, 2011 | Welcome to World War III
Global Market Comments Macro Millionaire Featured Trades: (WELCOME TO WWIII) (OIL ISNT WHAT IT USED TO BE)
From the desk of John Thomas - The Mad Hedge Fund Trader Tuesday, March 23, 2010
Welcome to World War III. If there was ever a war that had to happen it is our new military engagement against Libya. Khadafy had made enemies with so many governments as the enfant terrible of the Middle East that putting together a coalition to depose him was a piece of cake. No arm twisting or fake intelligence about weapons of mass destructions needed here. Even Al Qaida hated Khadafi. Call it shock and awe light. I love it. The leadership is Arab, the French provide close air support, Egyptians the ground troops, and the Italians the pasta and the Tuscan wine (praise the Lord and pass the Antinori?). We just sit back out of harms way and use up our inventory of outdated tomahawk missiles, while testing out the new models. Think of it as no more than a training exercise for the US. And we do all of this under the mantle of a UN approval. For us it really is a push button war. It is more like a video game that hand to hand combat. You knew that things were going to play out differently this time when the Arab League voted to support the Libyan rebels and asked for UN assistance. For the past 60 years, this impotent international organization has done nothing but issue periodic rants against Israel and Zionism. This is the first time they have ever done anything useful. Look at the line up in the coalition, and every national leader found it expedient from a domestic political point of view to take on Libya. The UK, France, Italy, Saudi Arabia, the UAE, Egypt, Jordan, and the US. Everyone needs a weak enemy they can defeat and claim credit for. Keep in mind that Libyas only ally in this fight is Zimbabwe, and it is providing only moral support. Even President Obama, whose strong words and decisive action will no doubt boost his chances in the 2012 election. All of a sudden, protecting the Libyan people has become a top national priority. Who knew? Did I hear the word oil? The word in Israeli intelligence is that the move was made not to save lives, but oil production facilities. After all, if you want to know whats happening in Libya, you have to call Tel Aviv. It is also important to note that yet another country has discovered that the weapons and the decades of training they paid the Russians hundreds of billions of dollars for are utterly useless. Targeting coordinates were programmed into cruise missiles while enemy bases were still under construction. The CIA has kept a satellite parked overhead for daily updates. All that was missing was the political will to pull the trigger. Khadafys supports can do little but fire their AK-47s in the air in utter frustration. Does Anyone Here Know How to Drive a Manual? If you gave the Joint Chiefs of Staff a map of the Middle East and asked them their favorite target, Libya would be at the top of the list, and Iraq and Afghanistan would be at the bottom. While Libya looks big on a map, it is really a thin strip of coast 20 miles deep and 1,000 miles long. Its military resources are concentrated if confined, easily targeted areas. Its army consists of only 10,000, many mercenaries earning $1,000 a day. Who said there werent well paid jobs around? The unemployed obviously arent trying hard enough. I predict that they will dig Khadafy out of some wretched hole in a few months, put him on trial for war crimes and terrorism, and the world will say good riddance. Sorry, but thats the Marine pilot in me coming out. That will leave the US with a pro-Western government in a major oil producing country whose massive offshore fields it was only just starting to develop. Looking for a Good Lawyer The market reaction to our third Middle Eastern war in two decades was totally predictable. Traders hate uncertainty and love fact. This brings falling asset prices during the sabre rattling stage and soaring ones when the first shots are fired. If you dont believe me look at the charts for stock market indices at the onset of the 1991 and 2002 Gulf wars. How Do You Spell Foreign Aid? Its off to the races for oil again, as Libyan crude is now probably off the market for years to come. Macro Millionaire followers are thanking their lucky stars that, having sold oil at $107, they covered at $97. Here we are again at $106 for West Texas intermediate and $116 for Brent. Its been that kind of year.
Oil Isnt What It Used to Be. Exclusive Content for Macro Millionaire Coaching Students Only Click here for more information on this exclusive service for serious traders But the Mileage is Great! Quote of the Day
When describing his search for his replacement, hedge fund manager, Todd Combs, Oracle of Omaha, Warren Buffet, CEO and the largest shareholder in Berkshire Hathaway, said our goal was to find a two year old Secretariat, not a ten year old Seabiscuit, Whoopsthat may not be the smartest metaphor for an 80-year old CEO to use.
If youd like to sit side by side with John Thomas and let him help you multiply your portfolio like a winning hedge-fund manager then hes happy to mentor you and share his specific trades as he makes them just click here to get details on his breakthrough Macro Millionaire coaching program & trading service.
welcome to Insurances.net (https://www.insurances.net)
