A “damned if you do damned if you don’t” situation for..

A “damned if you do damned if you don’t” situation for Obama Administration has some tumult permeating the financial landscape as fears of an intervention in the ongoing Syrian Civil War has market participants clamoring for safer pastures. A flight from equities, after the DJIA plummeted more than 1% and the S&P shed 1.6%, had investors pushing Gold, Oil higher throughout Tuesdays trading session while 10-year Treasury yields fell sharply. Gold closed at $1420.6 and has reached as high as $1428 in overnight trading while oil jumped nearly 3% and yields on the 10-year hit 2.722%. Reports indicate that action against al-Assad’s dictatorial regime, by U.S. and other like-minded allies, may be relatively imminent (Tomorrow?) but it’s probably not a question of “if” at this point, rather it is a question of “how much”. Best-case scenario, the U.S. lobs a couple of million dollars’ worth of cruise missiles to save face after declaring a “red line” ultimatum. Worst case? Well, let’s just hope we don’t have to cross that bridge when we come to it. Either way, safety is the theme du’jour and given the complexity of world affairs at the moment, it will likely be this way for the immediate future. Have a great day!