Just this week, world leaders have arrived at Saint Petersburg for the G20 summit. One of the agenda is to discuss on the Syria crisis. Global markets have corrected since the Syria crisis due to the uncertainty of whether is there going to be a war. 

While surfing aimlessly, I came across this interesting article from seeking alpha on how Mr market reacts before and after US launched the Iraqi war. One of the interesting observations in the article and also by a number of experts, market rallied when war is started. Looking at the chart below, it is quite true for the Iraqi war during 1991 and 2003.

How about our STI? Let's us look at how our STI reacts to the 2 Iraq wars, dated Jan 1991 and Mar 2003.

If you look at the first Iraq war(red oval on left), the index rallied from about 1200 ...