Yesterday (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co." to talk about Iraqi terrorism's effect on the stock market right now.
Last Tuesday, militants of the Islamic State of Iraq and Greater Syria (ISIS) took the northern city of Mosul and then quickly gained ground to within 60 miles of Baghdad in a brutal advance.
On Sunday, the United States evacuated its Baghdad embassy due to threat of violence for the first time since 2003. According to The Washington Post, the move was an indication of the level of concern that the unrest could reach into the fortress-like Green Zone, where members of the Iraqi government also reside.
Market bears see ISIS and this geopolitical turmoil as a "black swan" that could "take down the whole stock market," according to host Stuart Varney.
Watch the following video to find out if the ISIS threat will trigger a stock market crash in coming days…
Even though the government is telling us that inflation is low, product prices continue to rise at an inexorable rate. And this "hidden" inflation could wipe out your small returns...
- The Washington Post: U.S. Starts Removing Embassy Staff from Baghdad as ISIS Grabs Iraqi Town of Tal Afar