President Trump suggested the war with Iran was over, or mostly over, and markets took that to mean they could take the temperature down from boiling. President Trump has his way of saying things that results in what he wants to see happen but are not always truly accurate. The war with Iran is not over until Iran concedes that it is over. We have yet to see evidence that they have been bombed into submission. The regime appears to have survived some mortals blows and is still in control of the country and has resources yet to commit to the fight. They have not surrendered nor have they given up on a key leverage point that will decide the war that I have been harping on…free transit through the strait of Hormuz. The Mid-East is a tough community. Most of the enmity is between the Jews and Muslims, but not all. There are two kinds of Muslims, the Sunnis and Shiites. They hate each other too. They are represented by Saudis and Iranians. This ingrained culture of hate goes back before Jesus Christ. They practice an eye for an eye and tooth for a tooth way of balancing…
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