I need to learn how to speak Farsi so I don’t get confused by all the translated comments from Iranian politicians that are hurting our markets. Maybe we are being punished for starting Iran’s nuclear program during the Shah’s reign - as is often the case with our role in other countries (say Iraq / Saddam), we end up fighting what we helped create. I want to give the Iranians the benefit of the doubt and not assume that they are lying all the time. So I am going to blame it on the language barrier and give them a pass for now. NOT!! I don’t believe them for a second, but since I try really hard to avoid purely political discussions on Hedgefolios, I am going to focus on their impact on the oil and stock markets.

As I mentioned, I have been struck by all the conflicting statements coming from Iran so I spent some time googling the various promises and threats about their nuclear program. There are far too many to put on this post but just spend a few minutes doing your own research and I am sure you will get a flavor for what is going on. They promise, then they unpromise. They threaten, then they unthreaten. That isn’t good for global peace - but to me, what is worse is the way the markets are reacting to all of it - rallies on nice promises and selloffs when they are broken. I expect Iran to continue this back and forth behavior for quite a while and at some point, I suspect that we’ll get numb to all of it. In the meantime, I am going to try to ignore comments from Iran when I look at the Hedgefolios signals each week.