Zeev's Turnips Patch-No Politics (ZEEV)

[Rich1]

Timeline of Gulf war...and how the SPX was affected....

Persian Gulf War 1991

Date Global Situation & NYSE BP S&P 500

August 2nd 1990 Iraq seizes Kuwait oil fields 351.48
August 8th 1990 NYSE Bullish Percent Reverses Down to O's 338.35

November 7th 1990 US forces continue build-up in Middle East 306.01
NYSE Bullish Percent reverses up to X's after
A loss of 9.6% in the S&P 500.

December 17th 1990 U.N. sets deadline for Iraqi withdrawal 326.02
on January 15, 1991. Hussein rejects all U.N.
resolutions. NYSE BP still in X's

January 12th 1991 Congress grants President Bush authority 315.23
to wage war.

January 17th 1991 Operation Desert Storm begins at 3 a.m. 327.97
Baghdad time. NYSE Bullish Percent
Continues to move higher and the market
Moves higher as well in an orderly pace.

February 24th 1991 Allied ground campaign begins 367.26

February 26th 1991 Hussein announces Iraq's withdrawal from Kuwait 362.81

May 15th 1991 NYSE Bullish Percent reverses down to O's at 64% 368.57
A gain of 20.4% since the reversal up to X's