i am looking through headlines and the signs are that it will be over for Gadhafi soon. But, there is a huge chance that the instability in Libya and beyond will persist for months or years. This almost automatically means higher oil prices, which can't be good for equities. Does the market prices in this future instability?
I am wondering how high SPX would be right now if the level of stability in N.Africa were at the level from a year ago.
1500?