Stock Markets Scream Along

It is an awesome time to be in equities. The S&P 500 just closed above 1400 and the Dow is solidly above 13,000. Interest rates on bonds are finally starting to tick upward and almost all the economic news has been good.

If I had a significant stake in precious metals or long term bond funds, I would be really nervous about right now. BTW, there is still plenty of room to buy in on some really solid companies at great prices. It looks like the U.S. economy is finally starting to improve.

Of course, major macroeconomic hiccups could cause a setback (Spanish default, major Chinese slowdown, etc.)

Come out with your hands up, it's the World Police!

What's that creeping noise, you ask? The U.S. creeping into the Syrian conflict! I wonder how long it will be before we are sending the CIA into Syria? At least it's reassuring to know that with our dire lack of budgetary funds, we can still afford to get involved anytime there is a flare up in the Middle East (but NEVER EVER in sub-Saharan Africa, apparently we don't have world police jurisdiction there).

 http://thecable.foreignpolicy.com/posts/2012/03/06/obama_administration_moves_to_aid_syrian_opposition