War rally unlikely to herald return of the bull market

So that was it, then, the declaration of war dividend, the rally that was supposed to accompany the removal of geopolitical uncertainty as the US finally blew the whistle to launch the war with Iraq? A 10%-15% uplift on some markets, and retracement over the following days? Surely this cannot be the outpouring of relief and resurgence of confidence we were all banking on? In the past weeks and months, City talk among the optimists was about a rebound of 30% or more, an unmissable rally to herald the global economic turnaround that must happen, surely, after three consecutive years of bea...