Bushco may expect a full market reaction to their "win" - but this article

[salin]

suggests - from the investing public's standpoint - that like everything else right now that is souring for bush - the gain is temporary and fleeting - unless things were to improve.

I would venture to guess that Bush is already touting the market upswing as a sign of his great successes visavis Iraq. But once again he will likely be speaking too soon. (He did this last year - one big up day he touts success... and the market did another big tumble lasting a month or more).

Here's te article from ABCNews.

StocksView: Investors' Focus Back on Iraq

July 26
— By Kenneth Barry

NEW YORK (Reuters) - Killing Saddam Hussein's sons this week gave a temporary lift to stock prices, but investors will need more evidence that Iraq is stabilizing before the market can expect more sustainable gains.

Capturing or killing Saddam himself could give stocks a big boost, but even that wouldn't guarantee peace in Iraq, analysts said, and put investors at ease.

more: http://abcnews.go.com/wire/Business/reuters20030726_84.html

[nothingshocksmeanymore]

1. For a financial analyst, he actually did a shitty job on this article

although it does make your point.

Noticably missing from his assessment is the fact that two oil companies abroad ( British Shell/ Dutch Shell) have already stated that they won't invest in Iraq due to continuing international legal problems and issues concerning the enforcability of contracts.

[salin]

2. it was a pretty superficial

article - but it suggests that even to the superficial - there is more skepticism and less blind acceptance of claims from the WH then there has been since before whole war started.