possible world event in 2012

Israeli official implies Iran strike is near:

http://www.msnbc.msn.com/id/46257786/ns/world_news-christian_science_monitor/

The only question is whether the sanctions will force Iran to give in and come to the negotiating table concerning its nuclear program. Are they crazy enough to continue?

The markets are ignoring all this.

Nasdaq is at a 10-year high. Dow is at a 3.5 year high.

Everyone, including the shoe shine boy is now wanting in on stocks with the Facebook IPO and the good U.S. economic data from January. Just like in 2007 when the shoe shine boys across the free world said the markets "just keep going up, up, up."

I hope the Dow goes up to 13,000. If so, I'm going to bet heavily against the major indices. It will only be a matter of time before the stock buying party ends in the U.S.

And if the Dow goes back to its all time high (14,000), I'll make a ton of money taking the short side of the major indices.

What goes up must come down.

OK, now back to the regularly scheduled program.