Israel Palestine Conflict added to the "Wall of Worry"

The carnage in the Middle East is absolutely horrific. If this continues, the current conflict might begin to rival the Six Days War(let's pray it doesn't for both sides sake).


Nevertheless, this war is just another problem Obama will inherit from Bush (ironic considering Bush expected therewould be peace in the Middle East by 2005...whoops). Now, putting aside my political bias, as Obama's "to do list" grows by the hour it will become clear to Wall Street that Obama cannot save them from the graves they have dug themselves (economically, environmentally, socially, politically, etc.)

I am optimistic that Obama can restore global confidence over two terms, but certainly not in the next 12 months. I say 12 months because that is what Wall Street and Main Street is currently expecting (2nd half 09 recovery)...they assume the cavalry will show up just in time to save the day...big mistake!

Conclusion: Black Swan events like these will certainly accelerate an end to the "Obama honeymoon."