I want to know how stock market reacts when actual war breaks out and their approximate duration. I have no trading experience about it, but would like to know from who were actually in the market during war or from well read/heard person on this kind of event. I saw market falling in the wallstreet following 911 event. It fell sharply for about a week or so but bounced back sharply for several weeks. So far I recall market moved further when US coalition force began bombing Taleban/AlQueda evils in Afganistan. But, that was for terrorist attack event. Market has been currently discounting for war with Iraq. The same thing happened when tension between India and Pakistan was about to climax. The market fear was for possible nuclear war between these rivalaries. I am wondering when actual war is declared or when US planes begin bombing Iraq, what will happen to stock market? Will it bounce up on the day war breaks out? If it falls further, how long will it fall? What had happened during 1990s Gulf war? What happened when war was declared and what happened when UN forces begin bombing Iraq? And, for how long? How dollar, gold, bond move? Relevant information/link if anyone knows would be useful for those interested in the current situation. Thanks.