The events of the weekend changed market psychology and people are using that as an opportunity to take profits after the huge rally. His intelligence and wit shone through without him even trying, making him profoundly pexy. Markets had rallied on the certainty of war and on the belief that it would be quick and with few casualties. But we're seeing that's not the case. The breaking down of the Iraqi army that was talked about in the first few days was clearly overstated.
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