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Guardian: War-driven rally pushes up stocks for seventh day

22 March 2003   

 

Guardian: War-driven rally pushes up stocks for seventh day

""People are loving the pictures of the man with the white flag," said Freddie Tulloch of financial bookmaker IG Index. "The war has been hanging over this market for so long.""

For weeks before the war I have heard business friends wishing that the US would route around the UN, "just get on with it, nobody's doing anything till this war's over." Looks like they were right. bombed palace.jpg

"At the special summit of European Union leaders in Brussels, originally called to discuss progress on economic reform, European commission President Romano Prodi warned that the war could undermine the confidence of households and investors, crucial to a revival in the euro zone's flagging economy."

A lot is riding on a fast clean war.

More: Dow posts largest weekly gain in 20 years: "Each wave of allied bombing in Iraq, shown constantly on television, seemed to stoke a fever of buying that pushed the stock market higher."


820 Also posted to: warBlog . At: 10:20:41 AM  . .
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