So let’s see what’s going on…

• India and Pakistan, both of them thermonuclear powers, appear to be on the brink of war;
• Michael Cohen is bringing testimony and hard evidence to his appearance today that would normally bury about ten Presidents;
• The U.S. trade deficit (see below) just hit its worst point in the history of the human race.

Normal market: Dow Jones down 2,300 points.

Today’s market: equities down less than one-fifth of one percent pre-open.