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Pastimes : Ask Mohan about the Market
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To: Zeev Hed who wrote (14140)2/15/1998 3:52:00 PM
From: Crimson Ghost  Read Replies (1) of 18056
 
ZEEV: Fundamentalist fervor from economic problems will be greatly intensified if US attacks Iraq killing large numbers of civilian. Frankly if I were a Moslem such an attack would enrage me. That is why I maintain the LONG TERM consequences of a such an attack will be quite bearish for financial assets and very positive for gold.

Short-term impact probably will be just the opposite. The media will be filled anew with images of "invincible" smart weapons taking out their target. (Of course the inevitable blunders and failures will not be mentioned) and traders will remember the market boom that followed the 1991 gulf "war". A great selling opportunity for those with vision.
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