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12.01.09
Russian Wild Card

These defiant actions probably did not come as a complete surprise to Israel. In the last month, Israeli Prime Minister Benjamin Netanyahu has met in closed-door sessions with U.S. President Obama, as well as French President Sarkozy and German Foreign Minister Westerwelle, attempting to rally support for meaningful trade sanctions and to make a case for a pre-emptive strike against Iranian nuclear facilities. We suspect that the Israeli intelligence organization had already obtained information on the Iranian policy shift. Mr. Netanyahu will be in Berlin this week, for further discussions.

10.22.09
Wild, Wild Wall Street

On a wild day on Wall Street, the Dow was up for most of the day and even touched 10,100 before falling apart an hour before the closing bell. Earnings reports from Morgan Stanley and Wells Fargo helped boost the index, but an analyst’s recommendation to sell Wells Fargo late in the day started a selloff in financials. The Dow ended Wednesday down 92 points, bringing it below 10,000 once again. Oil on the other hand has once again surpassed the $80 threshold and gold continues to shine. A falling dollar helped push oil past $82 a barrel before settling at $80.84 for the day.