Reports coming in on the wires that about 2,500 Republican Guards have surrendered to American forces, while other US forces are closing in on Baghdad. Interesting to see that gold and oil prices are skidding down while stock markets are chugging higher.
Amazingly volatile state of the financial markets. My prediction – if this war really looks to be won, expect the Dow to hit 9,000 by Labor Day.
Meanwhile, shares in Robert Fisk plc are suspended, pending Chapter 11.
The Republican Guards — they put the “lite” in “elite.”
Knowing the quality of “they’re surrendering” reports, a few days later there will be a retraction that no, actually it wasn’t a republican guard division, it was an old man and his dog. And the next, a few days after, will say “it turns out the dog is kurdish the old man may have been faking to get freebie prison food.”