All indications are that the markets are going to nosedive again tomorrow. Investors are advised to do thir 'profit-taking' good and early.
Traders and investors initially bought into 'military intelligence' and assumed that the war would be short and sweet allowing a juicy profit to flow from a quick regime change in Iraq.
It's become obvious that this isn't going to be the case. In spite of a propaganda and disinformation campaign of biblical proportions, nine days after they set out US and British forces are still sixty miles from Baghdad. Thousands of reinforcements are being brought in and Bush has admitted that it could now take months to accomplish.
The markets will not like this. Watch for one of the largest single day drops in history, come monday morning.