Mark Maps
2008-07-09 09:56:33
Good comments. Another issue to keep in mind with these Iranian missle-firings is Iran’s desperate need for cash. Unfortunately for them oil shot up only $2 this morning. It had dropped $9 in the prior two days and was looking to go much lower. We can probably expect more sabre-rattling as they try to prop up their cashflow. The measely $2 pop tells me, though, that the market is getting wise to the mullahs.
