War or no war is the key now. If we go to war soon than the Zeev nassacre is a virtual sure thing IMHO. But if the market concludes there will be no war, this rally can carry considerably further before the bear resumes.
IMO, the market rallied on the hope that allied position for no war was strengthened and that will be no war. If the U.S> was to go alone and U.S. war rhetoric was to intensify next week, I expect we'll head back down, and fast. JMHO.