mlsoft ... agreed, nothing has changed --- unfeathered weapons inspections doesn’t address the strong U.S. dollar, the Fed’s loose monetary policy and record high stock valuations. I've seen estimates ranging from 40 to 200 billion dollars to clean Saddam out of power - so for the U.S. to make this all worth while, I believe, the market expects nothing less than sub twenty buck crude.
Anyway, the POG is showing strength on this fine morning -- maybe selling this rally might be a persons last chance to get before we see some 90% down days. Because without a war, an economy saving dirt cheap crude isn't a possibility.
Regards,
Frank P.