The stock market trended up most of the day as oil prices fell with tensions in Iran easing. Iran's President Ahmadinejad saying he will "pardon" the British "prisoners."
Ahmadinejad told a news conference broadcast round the world he was willing to forgive the sailors, seized in the Shatt al-Arab waterway on March 23, even though Britain was not "brave enough" to admit it had made a mistake and they had strayed into Iranian territory.
I really have to wonder what was said between England and Iran behind closed doors.
Bull Dog Pundit says "How humiliating it must be for Britain to have to accept such a “gift” from a tyrannical dictator not because the dictator was scared of being attacked militarily for such a hostile act, but because the dictator wanted to show the world he could get away with it."
GOP Vixen on the backdoor deal?
Ed wonders, Did Iran Blink?
- Note: For the CNBC stock contest, I'm now in the top 38% at rank 198144! Selling most everything today to reset and refresh. Will try to concentrate in just 2-3 names.