Hussein capture to boost markets...Bush's election effort to benefit

Hussein capture to boost markets
Military analyst says Bush's election effort to benefit

By Thom Calandra, CBS.MarketWatch.com
Last Update: 9:15 AM ET Dec. 14, 2003

NEW YORK (CBS.MW) - A Saddam Hussein rally across global markets is a sure thing come Monday morning.

In a first indication Sunday after the capture of the former Iraq leader, shares of Israeli equities traded on the Tel Aviv Stock Exchange rose about 3 percent in the afternoon session.

Hussein's capture almost surely will lead Asia's stock markets higher, followed by Middle Eastern markets, then Europe and ultimately, North and South American markets.

Call it the famous January effect come a few weeks early in a year that has been very good for most of the world's stock markets, be they major financial centers such as New York and London or emerging markets in India, Pakistan and eastern Europe.

The longer-term influence of Saddam Hussein's capture and his ensuing trial -- on equities, bonds, currencies and commodities - is difficult, but not impossible, to assay. Spot gold was not trading early Sunday New York time, and neither were U.S. Treasury bonds, currencies, or oil, which rose to about $33 a barrel Friday and could be volatile.

The capture could accelerate Iraqi oil exports if Hussein's capture stymies guerilla attacks against oil pipelines and oilfield supply centers, one strategist said

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http://cbs.marketwatch.com/news/story.asp?guid=%7B3BFD8BDE%2D919E%2D44B8%2DB5F4%2D0D28A590DD97%7D&siteid=mktw

Did you expect anything else?

And I theorize that OBL will be captured sometime close to the
presidential elections. Dubya will continue to be prez... :eyes:

After a quick blip, reality will set back in as the Bush domestic failure gorws.

According to so many reports, there's going to be a recovery. We're fucked in 2004. :(

There's the huge monetization of the new federal debt that will have to occur because it cannot be financed due to dollar weakness and low interest rates. This means raging inflation and loss of value in any remaining savings or equities for Americans that still have any.

The loss of upwards of $4 trillion of foreign capital should level the DJIA at 8,000 or less by the end of next year.

The huge upswing in crime which will be immediate due to PTSD veterans being discharged from duty overseas with absolutely no debriefing or treatment. Especially look for family murders, serial killings with military type tactics, exploding buildings, and on a lighter note, huge increases in burglary and shoplifting to deal with the inflationary crowding out of poorer and less educated folks.

Huge bankruptcy filings and loss of liquidity to financial institutions unless government bailouts occur (like the Reconstruction Finance Corp of the 80s), in which case, step up even more printing money and even higher inflation and erosion of spending power and loss of savings.

There's more, but I think it'll be hard to beat all that back with just a flag waving in our faces.

With anything that happens the first reaction must always be, "How do we make money off of it".

Who knew that this one event could have such immediate certain and incredible ramifications. It seems that Saddam has more influence on the economy, the war, and American politics from a hole in the ground than W does as the sitting President of the United States, commander of the greatest military force ever assembled (thanks Bill), and world leader.

:puke:

Given where and how they caught, it sounds like he was in charge only of keeping the rats off his cot, not of an active insurgency.

Soldiers will continue to die, Halliburton will continue to rape the American taxpayers and the jobless recovery will become even more "jobless."

His capture changes nothing...