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Corporate profits are strong, productivity is high, inflation and interest rates are low, and the threat of recession is no where in sight, which makes all this very good for stocks. The high oil prices of the last couple of years have generated huge profits and considerably more production. Oil inventories are high, and the world seems to be awash in oil supply.
The American military build-up, including the strengthened naval presence, not only will provide better security for Iraq's democratically elected government, but also enhanced security for the entire region. Covering slightly more than 20,000 new troops, the revamped military plan will put five American brigades in Baghdad and a sixth in Anbar province...
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