So Far Hugo's Peace Making Wishes Have been Rejected

Lets all sing Kumbaya around a campfire in a Mr. Rodgers backlot set with Hugo Chavez strumming the guitar! Honestly, is this a scene from Bruno Part 2?


OK, so the market went on today like a little puppy piddling with the very thought of a peace accord brokered by Hugo Chavez. This is about as real a possibility as when he offered aid to Katrina victims. It just shows the market can be childish sometimes and smart money loves it when it does.


As I mentioned earlier, this is a no starter, as I said would happen, the rebel leaders have rejected the notion, France has now rejected the notion and the market, well it's still a little silly, but this is where we find opportunities. It's just a matter of when.


I still think, or hypothesize that whatever the market does in the next few days, there's still big trouble just over the horizon which is why I've been saying use these opportunities to get your toes wet in some shorts, raise some cash and get off long margin and today and days like it are the time to be doing that, not following the crowd.


When you have days like this, look at a weekly chart and see if you feel the same.


Gadhafi is going down, it's already written on the wall, it's just his choice and how much trouble he's going to create in the end game.