When the POTUS launched that foolish war with Iran, the world found itself turned on its head.

Wall Street retreated immediately from its “bull market” status to becoming a “bear market.” The price of oil skyrocketed into the heavens, bringing the price of gasoline and diesel fuel right along with it.

Then Donald Trump began backing off some of the dire and grim threats he laid on Iran. The impact of that backing away was to watch the market storm back.

It prompts a question. Wall Street had been in bull market territory. Then it became a bear market. The NASDAQ and S&P 500 retreated so dramatically that market analysts said those markets had marched into “correction” territory.

Now the NASDAQ and S&P have marched into record high territory. So has the Dow Jones Industrial average.

What do we call a market that plunges into a bear market then storms back into a bull market?

This nuttier than hell political climate is doing a number on the business climate.