|
|
Article: Wizards, or windbags? Rumors of war send stock-market prognosticators into battle mode. Some cut the fog, some create more. How they come up with the intelligence you're meant to tap.(FEATURES)(WORK & MONEY)
- Article from:
- The Christian Science Monitor
- Article date:
- March 17, 2003
CopyrightCOPYRIGHT 2003 The Christian Science Publishing Society. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Eric Troseth Special to The Christian Science Monitor
The sound of war drums has launched a flotilla of questions for most Americans.
Not least among them: How will the stock market - on which many workers place their hopes for a comfortable retirement - react?
There's never a shortage of credible-sounding forecasts from Wall Street's investment strategists. And the uncertainty of a looming war never fails to ratchet up forecaster chatter.
Because war is laden with variables, the talk is often contradictory.
Experts cite a long history of inconsistent market reactions to conflict. "Sometimes the market went down after ...