[video] Quick Take: Syrian Pushes Defensive Posture
NEW YORK (TheStreet) -- The uncertainly over Syria is weighing on U.S. equity markets once again. Mark Otto, floor director at J. Streicher & Co. and a former Marine, told TheStreet's Debra Borchardt the markets hate uncertainty. President Obama going back and forth on what to do about Syria is not helping matters.
There isn't a ton of support from the American population regarding military intervention, Otto said. In terms of the effectiveness of a military air strike, the window of opportunity seems to have passed at this point, he said.
He added that other countries don't want to intervene, despite the apparent use of chemical warfare. This leaves the U.S. to deal with the situation, which also isn't fair.
As for the financial markets, Otto said it is his firm's duty to provide liquidity to the marketplace on both the buy side and the sell side. However, the uncertainty has made it difficult for traders to navigate through crude oil, energy stocks and gold stocks.-- Written by Bret Kenwell in Petoskey, Mich. Follow @BretKenwell
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