War is a social act that follows and expresses a negative social mood, according to The Wave Principle of Human Social Behavior. One example is the War on Terror. It began with the 9/11 attack, which occurred 18 months into a bear market that started the previous year.
The Socionomic Theory of Finance says the U.S. invaded Afghanistan on October 7, 2001, just sixteen days after the stock market bottomed for that year. On October 10, 2002, the very day of a multi-year low in the Dow Jones Industrial Average, the U.S. Congress passed a resolution to attack Iraq.
Today, with markets hitting new milestones, Pew Research asked people to look back and weigh the cost of the War on Terror versus the benefits. Regarding Afghanistan, 59% of the general public and 58% of U.S. veterans said the war was “not worth fighting.” The same sentiment was expressed about the Iraq war by 62% of the general public and 64% of U.S. veterans.
To learn more about social mood’s influence on support for war, read “Is the Fog of War Also the Fog of Negative Mood?”
If you look closely, you can see patterns in social mood that help you predict social trends. Learn more with the Socionomics Premier Membership.