Extracts from http://www.foxmarketwire.com/story/0,2933,77790,00.html (Tobin Smith, market analyst)
The coming volatility in stock prices over the next 45 days should give longer-term investors great opportunities to buy genuinely secular (i.e. not cyclical) growth companies at temporarily overdone valuation discounts. At least as long as you understand the following:
Disarmament or exile is a certainty because more people believe that war is, at the last resort, a necessary price to pay for the privilege of freedom against dictators than those who believe that the price of war is always too high no matter the situation or potential consequence.
. The military action we will embark upon will be so much stronger, SO much faster and SO much more lethal than Desert Storm that you will be as amazed as you are horrified by its deadliness and swiftness.
. The post-disarmament/exile/coup d'etat Iraq occupation will last for many years but will be paid for largely by Iraqi oil proceeds appropriated as reparations for 12 years of breaking U.N. rules and sanctions.
Until the world is genetically engineered to rid itself of sociopathic despots, the free world will have to live with a horrible reality: It must be willing to sacrifice the lives of a relative few brave young men and women to prevent the loss of greater numbers of innocent people to protect the entire free world's way of life.
Being prepared to settle the disarmament of Iraq militarily (if necessary) is not warmongering, as some would lead you to believe. If history has taught us anything, the complete opposite is true. Fighting small wars with overwhelming force, speed and surgical precision is the best defense we currently have to prevent big wars from ever happening again.
Tobin Smith is a contributing market analyst for FOX News Channel and is a regular panelist on Bulls & Bears. Currently, Smith is the founder and CEO ChangeWave Research LLC.
The knowledge that Smith is a member of a nation whose armed forces have a stockpile of at least 25,000 weapons of mass destruction and the means to hurl them at any point in the world with a more than 80% chance of hitting a civilian target instead of a military one makes my heart quail.
roger
