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DlphcOracl

02/14/03 11:25 PM

#76749 RE: Ace Hanlon #76712

Given the massive troop buildup and the never-ending hawkish rhetoric from George Dubyah, I think the possibility of acquiescing to the U.N. Security Council and delaying any military decision into the Fall are slim-to-none. As I see it (fwiw), a military incursion into Iraq sometime in March is a done deal. What is unknown is how the market will react, both immediately (during the first week) and throughout the remainder of the Spring/Summer.

Even if we get the quick victory everyone is anticipating, I think the markets will do poorly when the reality of massive war-related expense, widening debt burden, and further expense associated with a prolonged occupation of Iraq begin to sink into the collective American consciousness.