The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.NEW YORK ( TheStreet) -- Rumors are swirling that Saudi Arabia's "Day of Rage" protest planned for Friday will be postponed because of the weak turnout at smaller protests on Monday and Tuesday. Demonstration organizers had planned originally to build momentum into Friday but that has been halted by the threats being issued by the Saudi government as well as the religious clerics who exert tremendous control over the 97% of the Saudi population that is Muslim. "The Council of Senior Clerics affirms that demonstrations are forbidden in this country," said a statement. "The correct way in sharia
Nobody understands the Saudi stock market better than billionaire investor Prince Alwaleed, who on Feb. 24 wrote an op-ed in The New York Times calling for reform through meaningful interaction and dialogue rather than revolution through violence. That seems to be the prevailing sentiment not only among the royal family but also from reading a sampling of Facebook posts on one of the "Day of Rage" pages. On March 9, Prince Alwaleed further expressed confidence by saying he would invest another $267 million in the Saudi stock market. Overall, it seems unlikely that the Saudi people have the appetite to bring war to their holy land that contains Mecca and Medina. If the MENA region revolt does not spread to Saudi Arabia then the oil run will soon run out of gas. If Friday surprises us and there is a "Day of Rage" then it will be time to load up on United States Gas ( UGA), United States Oil Fund ( USO), United States Brent ( BNO), Exxon Mobil ( XOM) and Suncor Energy ( SU). If Friday comes and goes without any negative news we will be able to reinvest the 76% of the Economic Timing.com portfolio that currently sits in cash. Friday is hugely important for this market. At the time of publication, Schwarz was long Exxon and Suncor.