Monday, December 15, 2003

Whoops

I distinctly recall reading yesterday that the "capture" of Saddam was expected to boost the old stock market when trading started on Monday morning.

NEW YORK (Reuters) - The dollar retested record lows against the euro on Monday after trimming gains made on the initial excitement over the capture of former Iraqi President Saddam Hussein at the weekend.

"The euro picked back up. The Saddam news affected overnight trade but the U.S. trading session has been underweight," said Tim Mazanec, senior foreign exchange strategist at Investors Bank and Trust Company.
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I don't think that's what they were expecting.

Unfortunately for America, the little war ploy didn't go the way it was supposed to, and the backfire backflowed into booty and trade issues.

Hoo boy. What else can go wrong?

Or shouldn't I ask?

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