Let me tidy up that last post.
There is something in economics and finance called the efficient markets hypothesis that contains a massive get out clause for the wary amateur: don't expect sudden changes in the prices in the stock markets because you think there ought to be. The efficient market has probably already taken account of everything you and I can imagine.
So how stupid then that as a result of the holding of those 15 Bitish servicemen by Iran:
Oil prices have risen to their highest level this year after 15 British navy personnel were seized at gunpoint by Iranian forces in the Gulf.
(See http://news.bbc.co.uk/1/hi/business/6485529.stm)
So a raging inferno is about to unfold? Universal conflagration? I don't think so.
End of that rant. New rant.
Now, what about that doomsday clock: currently set at seven mintues to midnight. Midnight represents armageddon. Now isn't that stupid? They initialluy set the clock around 60 years ago at a stupidly late place on the dial and every times something happens such as a Middle East crisis and global warming, the panic everyone into thinking armageddon is imminent. They out to have set it at around 2 am in my opinion and even now it should be no later than around 2:30 pm.
Who are these clowns?
DW