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By now, we thought the war would have started and nearly be over. So did the rest of us so-called market prognosticators. However, it just dawned on us: The looming war and its outcome are not the underlining reasons as to why the markets are in the pits. Instead it is a sense that our national leadership is in disarray. Yeah, go ahead and blame the French, but the past month or so has not been the Bush administration’s finest hour. The markets want strong leadership.