leon...
Yes - it's the economy (and valuations), and Iraq is just a sideshow for now. But that is a best case scenario, and Iraq could turn into more of a problem than just a sideshow should Saddam somehow convince some of his troops to wage urban warfare, or use chemical/biological weapons against us (or Israel), or destroy its oilfields, or destroy Kuwaiti or Saudi Arabian oilfields, etc. The number of bad possibilities are many, with comparatively few "good" scenarios.
mlsoft