How I'm approaching the market in the wake of the attack on Israel

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It's terrible to be clinical after watching horrifying pictures and having real feelings about the tragedy in Israel this weekend.

But I have no choice but to be. Because as terrible as what happened is, it didn't happen here and it didn't happen in a place that directly impacts the stock market. Yes, oil will rally, but there will not be an oil embargo as there was after the 1973 Yom Kippur War to punish those countries that supported Israel. It's not clear what can happen now. But it is difficult to believe that there will be another embargo when Israel was so clearly not the aggressor.

There are so many variables with these drugs — who will reimburse you for $1,000 a week drug if you don't have health problems that it counteracts? Will everyone actually want to take them if they really deter pleasure to some extent, the pleasure that comes, say from a steak and a cabernet? I can go on and on about the permutations but I can tell you this: the high watermark for junk food consumption in this country might be upon us and that is a bitter pill to swallow for those companies...

 

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