Daily Market Review - Iran Should be Trembling

Fannie Mae (NYSE: FNM) and Home Depot (NYSE: HD) were in the news on Tuesday with further depressing data, and we focused on the PPI report here at "The Greek." The movement in oil, however, is most noteworthy and we're extremely confident that momentum is inspired here by smart money. That smart money probably includes a good deal of Saudi Arabians and a few people at Goldman Sachs (NYSE: GS) after Goldman raised its price target and President Bush visited the Middle East. The telegraphing is clear to me, and Iran should be trembling.


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