Like presidential approval ratings, stock prices tend to inflate when the U.S. engages in armed conflict. Look no further than the tireless bull market that we enjoy today. It began in 1991 when the U.S. drove Saddam Hussein and his Iraqi army out of Kuwait. The first allied air raids came on Jan. 17 of that year and sent the Dow Jones industrial average soaring 4.6% in a day. By mid-March the Dow had jumped 20%.
Yes, sir! The generals on Wall Street do love a war. There's nothing like the smell of smart bombs in the morning--as long as they're...
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