Taking Stock of the War
I want to cover this off before any accusations start (and I've seen accusations of this type before around the blogosphere). The stock market is up today because there is renewed optimism that the war will be over quickly. This reduces the level of risk and uncertainty in the market. The level of risk has been too high for most investors lately, so a lowering of risk causes the market to rise. The market is not going up because Wall Street and investors are war-hungry people who get off on bloodshed. Okay?
Comments
Like there's a difference?
Posted by: Rick DeMent | April 2, 2003 03:44 PM