To: kinghorse
the beginning of the war will trigger a rally? ... I seriously doubt it ... oil prices will skyrocket initially ... if it's resolved quickly, then the market will experience a small rally ... there are too many unknowns ... but a jumping stock market when a war opens is not likely ...
11 posted on
10/09/2002 1:46:32 PM PDT by
Bobby777
To: Bobby777
"the beginning of the war will trigger a rally? ... I seriously doubt it ... oil prices will skyrocket initially ... if it's resolved quickly, then the market will experience a small rally ... there are too many unknowns ... but a jumping stock market when a war opens is not likely ..."
I'm looking forward to those higher Oil prices to make my Exxon Mobil stock go back up! The rest of the Market will rebound when we start rebuilding Iraq!
To: Bobby777
Markets price things in way ahead of the actual event. So good news usually gets sold and bad news bought. Historically the markets have rallied when wars commence as people buy stocks out of patriotism and also because a big unknown gets shoved aside. This one could be trickier because we stand to get our cities assaulted by a rag tag army of Islamonuts but other than that, my bet is with an upward bias once we mark the start of hostilities.
Personally I think we are on the wrong path and should not be spending the billions of dollars fighting Oil Thugs but rather a fraction of what the war will cost to develop reliable alternative energy sources. But that's me.
To: Bobby777
Well, at least Bush is out there campaigning for more tax cuts to turn the economy around, the way Reagan's tax cuts did. Oh, sorry - Bush ISN'T out there campaigning for more tax cuts. All he can talk about is Saddam.
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