Today's theory is that stock markets tell us the social mood. A falling market forecasts problems and the worse the bear the worse the reaction - war being the ultimate expression of foul social mood.
Some would say people get mad and then the market falls. The folks at the Socionomics Institute say just the opposite. Therefore, looking at the Saudi index as we have over the past few days makes me think all is not well there. And if all is not well then oil may not be well and $5 gas is not such a stretch.
How about the Middle East ETF?