Boehner Comes Out, “Supports Obama’s Call For Action” Says Colleagues Should Also; Stocks Slide

Gold and silver prices are jumping, bonds are bid off their high yields, and US equities have dropped to the lows of the day as Boehner gets behind Obama:

  • BOEHNER SAYS WILL SUPPORT OBAMA’S CALL FOR ACTION IN SYRIA, BELIEVES COLLEAGUES SHOULD DO THE SAME
  • BOEHNER SAYS `ONLY THE UNITED STATES’ CAN RESPOND TO SYRIA
  • BOEHNER SAYS UN, NATO UNLIKELY TO TAKE ACTION ON SYRIA

Of course, given the military’s moves over the weekend, was there really any de-escalation (as we warned Friday).

So what did the oil traders know that stocks didn’t?

More…

      
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