Someone way smarter and better informed than I believes this war will be over in five days or less. Very few Iraqis, he believes, want to die for Saddam.
The market is probably headed further down, but may rally strongly first if my friend is right. More to the point, the loss of life may not be as terrible as many of us have feared. That would be welcome news indeed. Until it is over, I am just going to keep my fingers crossed, which makes typing further columns impossible.
Now: will you please send Colin Powell over to talk with the North Koreans?
Quote of the Day
Very few American investors buy any stock for the sake of something which is going to happen more than six months hence, even though its probability is exceedingly high; and it is out of taking advantage of this psychological peculiarity of theirs that most money is made.~John Maynard Keynes
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