April 11th, 2007
Why have stocks done so well since Iraq war began?
Rev Shark de Porre, a trader, noted this morning:
“Yesterday the Dow finished higher for the eighth straight day in a row. The last time such a streak occurred was in March 2003 when the war in Iraq commenced. The big difference back then was that the market had been downtrending for nearly two years before it turned up. It has pretty much been in an uptrend ever since then.”
Why would major war in the mideast have this effect on the american stock markets?
