Reply #1: The Iraq War and the equity markets, October and March lows

[slipslidingaway]

After a 2 1/2 year decline in the equity markets the Dow made a low on October 10, 2002, the same day the House of Reps authorizes the use of force against Iraq.

The Dow retests the October low on March 12, 2003, five days later it is announced that the U.N. inspectors are being withdraw from Iraq and the Dow closes up 282 points.

Thanks to DU'er Mugsy for the reminder :yourock:

Who Stood to Benefit from War with Iraq?
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x37296


http://www.armscontrol.org/pdf/iraqchron.pdf

"March 17, 2003: After U.S.-led diplomatic efforts to build support
for the new resolution fail, the United States decides not to seek a
vote on it—a reversal of Bush’s March 6 statement that the United
States would push for a Security Council vote on the resolution,
regardless of whether it was expected to pass.

Annan announces that UN weapons inspectors will be withdrawn
from the country."