Fellini mentioned that with BHP at $5 we would be more concerned that WW3 is upon us.
I'm sure none of us wants to see another global war, nonetheless, wars are good for equities.
It causes full employment and an avaricious appetite for raw materials and manufactured armaments.
The DJIA formed a low in April 1942. The USA entered WW2 and the index went higher for the duration.
It took off again during the Korean war in 1950.
I remember my economics teacher drumming into us the spike in Australian wool prices from 1949. Uniforms for soldiers fighting in Korea.
spankyham's bull(dust) friday, page-69
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