To: TobagoJack who wrote (11397 ) 11/28/2006 12:53:57 PM From: Metacomet Respond to of 220000 "Dollar: Catch Falling Knives? There are several things driving the market decline, and besides the obvious not-so-hot report out of Wal-Mart, an astute reader sent in this good overview: "The announcement on Thursday that the delivery of TOR anti-aircraft missile systems had at least been partially completed caught at least me (and apparently lots of others) by surprise. The ability of Iran to defend itself against at least a limited air strike should go up exponentially once those systems come on line compared to the situation they are in now. My read on the dynamics of the situation is that the announcement FORCES Israel's hand wrt WHEN it is going to attack Iran. I think this is the reason Cheney suddenly went BACK across the pond on Friday night after just getting back from across the pond on Thurs (I think it was thurs he got back from across the Atlantic). I also think it may have factored into Bush's meeting with the Iraqi PM for this week in Jordon. Israel's cabinet met Sunday and may well have made a decision as to what they are going to do. MONDAY'S MARKET SELL OFF seemed to me to be for reasons OTHER than what the news people were saying ... in fact it seemed to have a bit of FEAR to it, ala potentially market players suddenly nervous about an Israel attack with a broader oil problem suddenly occurring in the very near future. IF the sell off continues tomorrow, gold and silver continue to climb, etc. etc., then I would take that as an indication that the market is absorbing some "news leakage" or at least "news analysis" that indicates that things will get very rocky in the very short term future. Sometimes I think it may be easier to NOT see the potential problems in the world. They certainly indicate that things could get very unpleasant very quickly." Want to place any bets with me on what happens about, oh, say December 3rd or so? While most of the world has been preoccupied with video games, we have been watching the travels of Dick Cheney, who I expect is lining up promises of non-interference for when Israel lets loose on Iran with tacit US approval. Our outlook is that a window of opportunity for the neoCONs to have one last shot at changing the political geography of the Middle East closes when the democrats take office in January. So a parting "shot" (poor choice of words, but it's early) would certainly fit with their stated agenda."urbansurvival.com Looks like another observer concluding that the lunacy may be accelerated before the adults take control in January....