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AC stock up 17% this AM


ChicoChico

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War response. All markets up. Stability seen.

Oil down. US$ is now entrenched as the petro currency v Euro. Oil stability. US locks up a major military base of operations in mid-east (all of the above which is really what this was about anyway because you know it wasn't WMD!!). ie the US will recoup the war cost by maintaining the value of the petro-buck and having the petro-cheques written in dollars (Iraq had gone Euro), plus the rebuilding will be a boost to the US economy, rebuilding military and war torn Iraq.

Never-the-less, AC's, or industry as a whole, problems not over. Lag in the recovery. Travel, tourism will SARs, etc. CCAA in CDN produced a great deal of volatility in their stock too. (Buying to cover short positions; day traders, - not sure??)

...imo!

JW

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