Of course yesterday was a classic bear trap and anyone foolish enough to think a real rally was beginning has gotten rightfully burnt. The cable news morons attribute today’s market retreat to the firing of missiles by Iran and how that may effect the price of oil which rose today after retreating a bit the past two days. On the point of Iran and the missiles I would like to ask our illustrious leaders why wasn’t Israel condemned for conducting war games around Iran about a month ago? Does Iran have the right of self-defense? I also want to pose the question of why is it fine and dandy for Israel to have nuclear weapons –even though they deny it – and not Iran? Seems like a double standard to me. Indeed, we would not be in the pickle with oil that we find ourselves today if it weren’t for a foreign policy that tilted so heavily to Israel.