OBL Apparently Killed
Of course nobody knew this at the close Friday, right? There wasn't a ~5pt spike on the close in the /ES futures as certain special people knew, right? (Pull the other one.)
Well, here's the problem with that little report, assuming the impending press conference is true: It appears he was killed in a mansion outside Islamabad.
Remember, the Pakistanis are allegedly sorta our friends. And the guy we've wanted for how long was basically living openly over there among them?
This is going to go over real well in the Islamic world, not to mention between Pakistan and the US.
NOT.
Folks, be careful. ThreatCon has been raised at US military facilities (with damn good cause) and the premise that this is unabashedly bullish news (good for ~1% on the futures straight up) is a bit ahead of itself, I suspect.
I'd be very careful with making any sort of investment decision based on this activity. While it's certainly good that OBL is dead (assuming he really is, that we really killed him, and that we're not recycling something that happened months - or years - ago for political purpose) it is entirely reasonable to expect that this is going to be a serious alteration of events in the Middle East, in North Africa, and particularly in Pakistan, which, I will remind you, has nuclear weapons.
Update: Word is that this was a "wetwork" operation - not a drone shot. To whoever took the shot, assuming of course that it was a sniper: Damn nice shooting!