Escalations And Worst-Case Scenarios

Earlier this week, I trudged through familiar territory in the course of reiterating that equities -- and markets in general -- tend to look through geopolitical developments absent a reason not to. In other words, when something goes wrong on the geopolitical front, the burden of proof's on the event, not stocks. The question isn't "Why don't equities care?" Rather, the question is "Why should they? Sometimes the answer's oil. If oil's involved, stocks tend to notice. At least for a session o