The new all-time highs are great, but the stock market is priced for perfection. The situation in the Middle East is escalating buy the day. That's dangerous.
The real issue in the Middle East is Israel's concern about Iran becoming a nuclear power. So, the odds that it will become a regional conflict are high
Last week's action caused some technical damage to be done in several markets. Thus, if these trends continue, some warning flags will be raised quite soon.