The news just seems to follow the markets.

Be patient - there's the rarest thing on Wall Street.

I don't think there's any doubt that we're going in. And I don't think there's any doubt over the eventual resolution to the war. But there's no way to handicap a war. All these talking heads that are saying it's going to be a short tactical thing, how do they know? Back in 1991 they said it was going to be a long drawn-out thing.

The market never goes down three years in a row? You might as well get a lucky penny and flip it. The market can do anything it wants to.

Given the lift off -- which I totally missed -- it's going to be tough to break the markets down.

If the pattern plays out, you'll get the first decent downside correction we've seen in a year.