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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Skywatcher who wrote (350650)	1/30/2003 9:39:53 PM
From: sea_biscuit	Respond to of 769670

John Crudele writes in the NY Post about a few headlines to watch : Here are some of the headlines that could be written in the months ahead, and how investors should react to them. * For February: "U.S. attacks Iraq with large force." There's a good chance stocks will rise sharply - at least for a while. Back in 1991, the stock market rallied nicely even before it became evident that the war in Iraq would be fast and victorious. This time, the economy is now in rougher shape. But the instinctive reaction - belief that the war's start will lead to its quick end, which will lead to economic recovery - is tough to fight. So bond prices will fall when the war starts, as will the price of gold - the safe haven for investors anticipating conflict. The dollar's value will rise. Interest rates will also climb somewhat, so buy a house before you see these headlines. * In March: "Bush sez be patient on Iraq." The financial markets will immediately reverse the earlier move. In fact, Wall Street won't even wait for the White House to issue this type of warning. The markets will size up the military situation - probably first through the price of crude oil - before anyone gives a press conference. You'll start hearing more about massive federal budget deficits, and the cost of reconstruction in Iraq. Stocks will go down sharply. Interest rates and the dollar will also fall while gold and oil prices will go up.