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I would not forecast market action for this war based on last. Last time we
set out to expel Iraq from Kuwait ... a cakewalk given extended Iraqi supply
lines and exposed armor with no air cover. This time we are setting out to
expel Saddam from his own country and from among his own people. He may be a
ruthless dictator, but he is one of theirs. It remains to be seen if our men
will be fighting through Baghdad ... if so the casualties on both sides will
be high.
Earl
----- Original Message -----
From: "Steve Walker" <steve@xxxxxxxxxxxxxxx>
To: <Realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, January 09, 2003 12:25 PM
Subject: [RT] Long term interest rates
> If there is a "war" with Iraq or N. Korea, should we expect the long
> term interest rates to rise? If so, this would make the yield curve
> more steep.
> So, perhaps after an initial decline could stocks be expected to move
> up as they did in the earlier confrontation with Iraq?
>
>
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