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Old 12-15-2003, 09:52 AM   #1
ray
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Join Date: Jan 2003
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Saddam's Capture: Good for the economy?

Over the weekend when they announced Saddam Hussein's capture in Iraq, many of the business websites posted short blurbs about how the stock market was preparing for a nice spike in this week's trading.

This morning as of 11:54am EST, the DJIA is up 76 points and the Nasdaq is up 10.39. I recall when there was news about troops being killed in Iraq or some other terrible news overseas, the market would be hit much harder than this morning's jump. Obviously it is still too early to determine whether or not investors will see the capture as cause to justify a stronger economy in the future, but the news has impacted the day's trading.

Do you think that the DJIA will remain above 10,000 due in part to this recent news, or do you think it will be primarily general economic factors that will keep the DJIA above 10,000?
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