The War in the Middle East Will Not End Until Iran’s Ability to Become a Nuclear Power is Destroyed (and the Uranium is Removed from that Country).

Table of Contents:

1) It’s now or never for Israel.

2) Liquidity is an extremely powerful force. So, it could keep the markets buoyed for a while longer.

3) The stress in the credit markets is broadening out.

4) Treasury yields stand at an extremely important resistance level.

5) It won’t take much downside follow-through to confirm a change in trend in the major averages.

6) Look to broaden out your exposure in the energy sector….CVX is getting very extended.

7) We remain bullish on gold.

8 & 9) A potpourri of charts…which show that the stock market is skating on thin ice.

10) Summary of our current stance.