Oil is higher, Treasury yields are lower, and the crowd has a renewed appetite for holding US dollars. The news du jour behind these events: anxiety about pending US military action in Syria, or so we’re told. So much for the surprise factor. What’s next? A press release with a detailed list of targets and specific bombing times? Well, that’s a possibility, based on the current “wisdom” in such matters. Why? The goal is punishment rather than a conventional military victory. Hmmm….