When in doubt, pray.
December 26 2012
Iran Launches Week-Long Straits Of Hormuz Naval Drill On Friday, Next To US Aircraft Carrier http://t.co/r6RBPU7v
December 27, 2012
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With the market still hopeful of some deus ex resolution to the Fiscal Cliff will take place in the last few trading sessions of the year (one where the market itself will not have to be the catalyst for such a resolution, because once the selling starts in earnest, who knows if and when it stops, hence the loading up on prodigious amounts of puts), here is Iran out of left field, adding yet another known unknown to the inequality, announcing that it will begin six days of naval drills in the Straits of Hormuz on Friday.