The secretary acknowledged the critical role the Navy has played in preventing major wars, projecting power and protecting critical sea lines of communication.

CENTERFORSECURITYPOLICY: Cruising for a bruising?

The other, more worrisome interpretation is that the completion of the trading range (lines b and c) is projecting an move to much lower rate, which will imply a much weaker stock market and economy.

FORBES: The Week Ahead: When Will the Selling End?