FastSaying
The market is more focused on the bigger trends we have seen of late, and that is concerns about inflation, which could make the Fed raise interest rates next week, and concerns about earnings growth for the third quarter.
Peter Boockvar
Inflation
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There's disillusionment with the euro, the yen - and the dollar. Gold is a form of currency that's been around for 5,000 years.
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It all depends on whether we go down the unilateral path or the multilateral one. If the U.S. goes to war alone, they're going to smash this market. If we get a resolution passed we're going to see a nice rally.
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Geopolitical wise, it's just more of the same. People are resigned to the fact that we're going to war. It's just a matter of under what pretext we do it.
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This weapons thing really turns up the heat.
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