It has become fashionable to insert into public discussion a phrase that usually begins with “some (many) people think…” In that vein, I note that “some people think the US and Israeli stock markets have already baked in their verdict of the complex crisis unfolding in the Middle East…and that is that it is great for both of those economies.” The respected stock watcher, Ed Yardeni of Yardeni Research, notes today that both Tel Aviv and New York indices are near all-time highs, and Yardeni predicts, heading higher.
Right now, I withhold all judgment. And pray.
Sad but true!