Which side of this market would we take? Like most other Americans, we at Sandspring.com would not mind seeing a defusing of the Iraqi situation either through political negotiations or a clean, swift, and successful surgical war. But few things in this world are as easy to achieve as we want them to be, and everything inevitably takes longer to transpire than anticipated. With Saddam having somehow successfully remained in power for over 20 years -- despite the world's clear distaste for him -- we feel that when offered 4-1 odds that he gets overthrown within 5 months, we'd have to bet that Saddam will still be in power come June 30th, and look to trade out of such a wager as winter slowly leads to spring, and spring to early summer.

Non-subscribers are invited to access our February 2nd article, "Gentle Early Spring, but Rough Summer: Focus on Asia for Now," together with other past articles, by signing up for a quarterly Sandspring.com subscription below.

Disclosure Statement

Sand Spring Advisors provides information and analysis from sources and using methods it believes reliable, but cannot accept responsibility for any trading losses that may be incurred as a result of our analysis. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities, and should always trade at a position size level well within their financial condition. Principals of Sand Spring Advisors may carry positions in securities or futures discussed, but as a matter of policy will always so disclose this if it is the case, and will specifically not trade in any described security or futures for a period 5 business days prior to or subsequent to a commentary being released on a given security or futures.