Well, one of the most expensive wars in human history (Iraq) has yielded absolutely Jack Squat for the United States, as Al Qaeda is sweeping through the north and making its way to capturing Bagdhad. This multi-trillion dollar cataclysm is resulting in a market crash of 5 points on the ES as I am typing this, and if thermonuclear war breaks out, we could well be looking at a loss of up to 2% on the Dow.
In any event, we’ve broken a modest topping pattern on the ES, and let’s see if – Obama style – we can do more.
