Cumberland Continues To Say “This Is Nowhere Near Over” On Middle East Problems
Posted By thestatedtruth.com on March 10, 2011
Cumberland Advisors
Day of Rage
March 10, 2011
Modern technology. Read email of Saudi events on WiFi at 38,000 feet. This will be brief.
The day of rage came early. All outcomes are speculative. Contagion has reached Saudi Arabia.
Recent history shows Al-Qaida actively targeted Saudi Arabia several times. Until now, no success. Events in the Middle East-North Africa (MENA) have increased the risk by orders of magnitude which are difficult to estimate.
Cumberland remains with a cash reserve in its US Exchange-Traded Funds portfolios. We remain overweight in oil/energy. We believe this is a developing shock.
As we’ve written several times, “this is nowhere near over.â€
David R. Kotok, Chairman and Chief Investment Officer
This report has been derived from information considered reliable, but it cannot be guaranteed as to accuracy or completeness. Copyright 2011, Cumberland Advisors. All rights reserved.
Please feel free to forward this Commentary (with proper attribution) to others who may be interested.
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