I would not be surprised if it is a number of years before we see NAZ 2000 again. Should Saddam flee or drown while trying to swim the Euphrates with a tank on his back, I would agree that the market would have a sharp rally, but I also think it would be very short lived and doubt it could get past 1500, if that far.
Iraq has not been the problem behind this bear market and it will not be the solution. It is just a sideshow.