By: David Goodboy of Street Authority
For a brief time in 1991, there was no question that I was going to earn a fortune.
By making a few lucky stock and option trades, I had accumulated a modest sum of trading capital in my brokerage account. Knowing that the United States was about to invade Iraq, I had no doubts that the markets would plunge as fears of Iraq's weapons and military capacity reached a fever pitch around the globe.
I decided to short the market with all of my meager funds. Knowing that the U.S. would invade any day, buying put options on the SP 100 index provided the most return for when the market plunged. As fate would have it, my timing on the invasion was dead on -- the U.S. launched the first airstrike the day after I purchased the put options. Continue reading "What The Syrian Crisis Means For Oil Prices"