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Topic: I really dunno....
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Lindi
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Member # 493
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posted 03-22-2003 08:36 PM
   
The war seems to be dragging on. We are past 48 hrs and no definite proof of saddam being killed/surrendering yet.People are still protesting, around the world and also in the US. My symphaties to the killed US and British soldiers killed in Irag, as well as the Iraq CIVILIAN cassualties in Baghdad. P.S. Still no Chemical or nuckes deplaoyed by the enemy.
Posts: 3036 | From: Turku, Finland | Registered: Jul 1999 | IP: Logged
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MadHatter
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posted 03-22-2003 11:39 PM
quote:
The war seems to be dragging on
i never pictured war as something that happens quickly. its been like 4 days, the world wasnt even created in 4 days. -------------------- It's a crazy world. Someone oughta sell tickets.
Posts: 1601 | From: that warm little part of your heart | Registered: Jun 1999 | IP: Logged
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Max
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posted 03-23-2003 12:40 PM
It was believed by some that this conflict would be over in just a couple of days. The hope was that the Iraqis would just all surrender (Republican Guard excluded) but that hasn't been the case.What disappoints me the most is this stat I got from CNN. 23 coalition casualties:
1 - US Soldier responsible
2 - combat victims
20 - ACCIDENTS  -------------------- (_*_)
Posts: 163 | From: Boston, MA, USA | Registered: Apr 2002 | IP: Logged
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Max
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posted 03-23-2003 06:44 PM
quote:
You know that those numbers are incorrect, right?
In what respect are they incorrect? At the time that I read the report they were right but I've not yet figured out how to post a dynamic message here that updates along with the casualties. Also, what makes you think that I would post a message that I knew to be incorrect?For me there is a difference between killed in combat and an accident. These guys train, train, train and although accidents are not completely avoidable we shouldn't be crashing helicopters into each other and shooting down our own planes with patriot missiles. But, at the end of the day, the breakdown of the numbers is not important, I agree with that. [ 03-23-2003: Message edited by: Max ] -------------------- (_*_)
Posts: 163 | From: Boston, MA, USA | Registered: Apr 2002 | IP: Logged
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Oicu812
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Member # 57
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posted 03-24-2003 08:37 AM
quote:
Originally posted by Lindi:
Nope, but a long war is going to have a very bad effect on the economy and perhaps even lessen the popularity of the whole campain.
How so? The Stock Market has gone UP over a thousand points since the start of the War... O -------------------- ==============
vidi vici veni
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Oicu812
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posted 03-24-2003 10:57 AM
Cac~ Have you looked at the history of the Stock Market? WW2 was the ONLY thing that dragged us out of the Great Depression.The markets went bullish throughout the Civil War. http://www.journal-topics.com/columns/thisway030319.html The market went up as well during the first Gulf War... Why shouldn't we believe it will do it again? Here is a link that shows you monthly summaries of the Dow Jones Industrial Average, by month...
http://table.finance.yahoo.com/d?a=1&b=1&c=1990&d=1&e=14&f=2002&g=m&s=djia Remember, the first Gulf War really started on August 2, 1990 when Hussein invaded Kuwait. Here is the timeline for the first Gulf War. Remember that it ran through February of 1991: http://www.pbs.org/wgbh/pages/frontline/gulfguide/gwtimeline.html So, the DOW started at 2,614.40 in August, 1990. It ended at 2,882.20 in February of 1991. Up over 10%. How am I wrong in this? O [ 03-24-2003: Message edited by: Oicu812 ] -------------------- ==============
vidi vici veni
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Rivendell
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Member # 148
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posted 03-24-2003 04:41 PM
http://money.cnn.com/2003/03/24/markets/markets_newyork/index.htm quote:
War selling clobbers stocks
Dow sees worst session in about 6 months on bets that victory in Iraq will be tougher than expected.
March 24, 2003: 4:06 PM ESTNEW YORK (CNN/Money) - The Dow suffered its worst one-day selloff in almost six months Monday as investors ditched stocks on signs that the war with Iraq will be longer and more devastating than had been anticipated. According to preliminary reports, the Dow Jones industrial average (down 307.29 to 8214.68, Charts) tumbled 3.5 percent or more than 300 points, its worst drop on both a point and a percentage basis since late September. The Nasdaq composite (down 52.06 to 1369.78, Charts), and the S&P 500 index (down 31.67 to 864.23, Charts) also dropped 3.5 percent each. Monday's selloff followed one of Wall Street's strongest rallies in years. With a gain of 8.4 percent last week, the Dow industrials had their best weekly advance since 1982. The average had climbed nearly 1,000 points during the previous eight trading sessions, or 13.3 percent. But the war euphoria came to an abrupt halt Monday, when traders returned to their desks after a weekend of watching footage of tough battles and reports of U.S. casualties and the capture of U.S. soldiers. Market breadth was thoroughly negative on heavy volume. On both the New York Stock Exchange and the Nasdaq, three stocks fell for every one that rose. About 1.27 billion shares traded on the NYSE and some 1.31 billion shares changed hands on the Nasdaq. Here's a look at market action late in the session. Sharp rally ends abruptly
Despite little factual evidence on its side, Wall Street had placed heavy bets that the war would be short and swift, bolstered by rumors that Iraqi President Saddam Hussein was either injured or dead as a result of U.S. air strikes on Baghdad. (For the latest war developments, go to CNN.com.)
The news over the weekend and Monday, including an appearance by a defiant Hussein on Iraqi television, indicated otherwise and the selling that came to the stock market was punishing. "The events of the weekend changed market psychology and people are using that as an opportunity to take profits after the huge rally," said Peter Cardillo, director of research at Global Partners Securities. "Markets had rallied on the certainty of war and on the belief that it would be quick and with few casualties. But we're seeing that's not the case. The breaking down of the Iraqi army that was talked about in the first few days was clearly overstated." All 30 of the blue chips on the Dow fell by at least 1 percent. Disney (DIS: down $1.34 to $17.40, Research, Estimates) was the biggest loser after a drop of 6 percent, despite being a big winner at the Oscars Sunday night. Altria Group (MO: down $1.45 to $33.59, Research, Estimates) lost 4 percent after a judge ruled that its Philip Morris unit deceived consumers into believing "light" cigarettes were healthier than regular cigarettes and must now pay more than $10 billion in damages.
Wal-Mart (WMT: down $2.15 to $52.52, Research, Estimates), which reiterated its estimates for sales in March despite a slowdown over the weekend as consumers stayed home to watch the latest war news, declined almost 3 percent. The stock market selling drove investors back to the perceived safety of U.S. Treasury bonds, which rallied sharply. The benchmark 10-year note climbed 1-3/32 points in price, its yield retreating to 3.96 percent. The dollar fell modestly against both the euro and the yen. Oil prices soared on the prospect of a longer Middle East war, with light sweet crude futures gaining $1.69 to $28.60 a barrel in New York. The price of oil had dropped over the last week and a half while stocks were rallying. This trend reversed Monday with oil and energy stocks, including Schlumberger (SLB: down $0.87 to $38.05, Research, Estimates) and Exxon Mobil (XOM: down $0.69 to $35.31, Research, Estimates), taking a hit. Gold rallied $3.40 to $329.50 an ounce in New York after having fallen in the flight to equities. Gold stocks surged, with Durban Deep (DROOY: up $0.08 to $2.41, Research, Estimates) up 6 percent and Kinross Gold (KGC: up $0.01 to $5.29, Research, Estimates) up 5 percent. Overseas stock markets were mixed to lower, with European stocks falling sharply by the close and Asian markets closing mixed overnight.
Posts: 1966 | From: Norway | Registered: Jun 1999 | IP: Logged
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Cacophonous
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Member # 19
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posted 03-24-2003 04:57 PM
O - Honestly I don't think it's the same today as it was back then. Most experts that I have talked to IRL differ with your logic.It for sure will be 'bad' long before it becomes 'good'. I'm not young enough to wait for our economy to go full circle. [ 03-24-2003: Message edited by: Cacophonous ] -------------------- ...
Posts: 5571 | From: Yes | Registered: Jun 1999 | IP: Logged
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Lindi
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Member # 493
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posted 03-25-2003 02:54 AM
quote:
Originally posted by 20 20:
Any thoughts on the cost to innocent civilians in Iraq with an uncheck Sadam? Say, 5000 civilian deaths (hopefully a rather high estimate) in the war, 5000 per year by Sadams regime, so after 5 years 5000 deaths with war, 25000 without. Hmmmmm...(I believe the 5000 per year is a reliable figure, but don't ask me for links right now, I used to have them but not anymore.) No, that's not the only reason for the war, but it's a damn good one.
You know nobody here is going to put a price tag on a human life. ...and I'm not going to flogg the dead horse about what I believe are the true motives for this war. I believe one thing and you another.
Posts: 3036 | From: Turku, Finland | Registered: Jul 1999 | IP: Logged
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Max
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posted 03-25-2003 09:13 AM
quote:
Anyone? England! How about you? Oh, wait, you already are.
It astounds me that in this day and age people still get confused between England and the UK. It's not that hard to get right. -------------------- (_*_)
Posts: 163 | From: Boston, MA, USA | Registered: Apr 2002 | IP: Logged
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posted 03-24-2003 10:13 PM
