Wednesday, April 04, 2007

Market Rallies as Tensions Ease

The stock market trended up most of the day as oil prices fell with tensions in Iran easing. Iran's President Ahmadinejad saying he will "pardon" the British "prisoners."

Ahmadinejad told a news conference broadcast round the world he was willing to forgive the sailors, seized in the Shatt al-Arab waterway on March 23, even though Britain was not "brave enough" to admit it had made a mistake and they had strayed into Iranian territory.

I really have to wonder what was said between England and Iran behind closed doors.

Bull Dog Pundit says "How humiliating it must be for Britain to have to accept such a “gift” from a tyrannical dictator not because the dictator was scared of being attacked militarily for such a hostile act, but because the dictator wanted to show the world he could get away with it."

GOP Vixen on the backdoor deal?

Ed wonders, Did Iran Blink?

  • Note:  For the CNBC stock contest, I'm now in the top 38% at rank 198144!  Selling most everything today to reset and refresh.  Will try to concentrate in just 2-3 names.

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