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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (33595)	3/20/2003 10:59:51 PM
From: X Y Zebra	Read Replies (1) \| Respond to of 57110

Bull market eh? yeah well... I say Bull... money.cnn.com How much will war cost? The tab for invading, occupying and rebuilding Iraq could be hundreds of billions of dollars. March 19, 2003: 3:10 PM EST By Mark Gongloff, CNN/Money Staff Writer ___________________ Rethinking the Iraq reaction Investors reckon a quick resolution in Iraq would lead to higher markets. They could be wrong. February 27, 2003: 5:20 PM EST By Justin Lahart, CNN/Money Staff Writer NEW YORK (CNN/Money) - When weighing how to approach a potential war with Iraq, many investors reckon what the market did leading up to and during the 1991 Gulf War provides a good guide. But they may be looking at the wrong playbook. money.cnn.com <snip> There's one big difference between now and then, however: price. When the Gulf War began the S&P 500 was trading at around 15 times the trailing year's earnings under generally accepted accounting principles. Now that P/E is around 28.