buyers remorse

This week doesn’t bode well for the overall stock market, even though the Dow Jones was up 300 points on Friday, and even though tech stocks have held up well over the past few weeks in a volatile traading environment.

My chief concern is the Russia military action in Georgia. This weekend, the Russians went after a key oil pipeline that delivers oil to the west.

According to wire service reports on the ground in Georgia, damage was significant. That’s the last thing the energy markets needed, and by extension, the stock market.

If the damage to the pipeline is severe, then look for oil...