The market has been acting like the war is over for the last 2 days. This morning, all the news networks are showing scenes of Iraqis celebrating (they’re really looting, but when they loot it’s a celebration according to our media… but I digress) . So how does the market react? It looks like it’s gonna open slightly lower. This snippet from Briefing.com sums up the mood on Wall St. right now:
Not much buying interest in the futures market as traders are reining in their enthusiasm over the war with Iraq and turning their attention back to earnings and the economy where the success stories aren’t nearly as convincing as those coming out of Baghdad
Let the games begin…
