The point of the Wall Street maxim is "The market DOESN'T like uncertainty" and there's not much more uncertain than saber rattling just before what seems to be an imminent attack, once the attack starts, the uncertainty has been removed, thus, "It's time to buy" as the market gains a better understanding of the situation and repercussions, or at least the situation.
Reuters has been busy all night with headlines such as...
WESTERN POWERS TELL SYRIAN OPPOSITION TO EXPECT STRIKE WITHIN DAYS
CHANCE OF U.S. STRIKE ON SYRIA ‘VIRTUALLY 100%’
Syria will use all means to defend itself, coordinating with Russia
Russia and China Warn Against Syrian Strike...
Overnight added, "War Premium" equities down, gold (precious metals and oil up).
Supposedly the administration is mulling over a 2-day strike.
ES overnight...
War is serious and these are serious premiums added, however at this point I'm largely core short, as far as the DUST long position that is suffering because of gold's elevation overnight, there's no chance I'm selling it here, especially with a limited strike and an overnight spike.
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