If Israel Attacks Iran

I would expect oil to tag the the$160-170 level as any shorts(are there anymore shorts in oil?) will run to cover at any cost and oil longs press their positions. The stock market will dive in a “get me out” fashion as curbs and limit up scenarios kick in. This seems almost bound to happen unless Iran lays down their swords, and we all know that will never happen. So be careful when everyone tells you we are “oversold”. I know Israel is flexing their muscles here, that’s what any country would do, but Iran is showing an arrogance that made Saddam look like an alter boy. This may take a while, but the fact that it is “out there” just doesn’t bode well for lower oil. I don’t care how much we drill. This certainly would be the event that tips the cow.

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