HedgeFundLIVE.com — This morning the market took off on what? News that Gaddafi accepted Venezuelan President Hugo Chavez’s peace talks offer. When did the world become so optimistic? What happened to the pessimistic world that shaped me into the sceptic that I am today? The only reason I can imagine for this rally is that people are blindly clinging onto a false hope that there is a solution to the Libyan crisis just on the horizon.
1. Chavez is crazy. Hence, he has no credibility in my book.Hellooo, the Chavez peace plan will likely not work! Below I list out 5 reasons why Chavez is not the answer:
2. Chavez is a close ally of the even crazier Gaddafi so I doubt he will be accepted as a peacemaker in this situation.
3. Chavez’s plan will only work if it saves Gaddafi’s face by offering him and his clan some honorable way out.
Click Here to get the remaining reasons.
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