While I am far from an expert on the Middle East, it is my view that the Syria situation will not likely derail the U.S. economy or stock market much further. However, it will likely contribute, along with other variables, to limiting the market's upside and confirmation of my view that the market has topped for the year.
Though China and Russia are clearly opposed and at odds to U.S. military intervention, there are numerous contributing factors to my view that our economy and markets won't be derailed -- most of which relates to my view that the price of crude oil will not rise much further.
Read Full Article »