The speculators always do that. They buy the stuff that's going in and sell the stuff that's going out. You see it all the time.
People were expecting weak retail sales, they were already in the stocks.
It looks like this is taking longer than expected, no matter what the positive spin the military is trying to put on it.
We're going to war. I don't know if there will be bombs on the ground by the time he starts talking or if he'll wait a couple of days to make sure all the inspectors are out of there, but we're going.
People like the plan. It doesn't mean that the Dow's going straight to 9,000, but this could be relatively helpful for the market.
Right now the perception is we are not going to get the earnings recovery we thought we were going to get.
Maybe the psychology is changing. Maybe we get a little courage back here.
People think the worst is over in a lot of these things. It's given them courage to come back in.
There hasn't been a big reaction to Bush because it's fairly well factored in. The market will likely show some reaction to actual military action, but on balance it's priced in.