Today’s stock market is so overvalued that it won’t take much of a piece of straw to break the camel’s back — much less an economic or geopolitical shock from the Middle East. Compare the stock market’s valuation today with where it stood in October 1973,

US stocks open with small losses and the price of oil is up slightly as markets watch for Iran's response to US strike

U.S. stocks are drifting, and oil prices are flip-flopping following the United States’ bunker-busting entry into Israel’s war with Iran.