The coordinated release, tonight, by three of the world's leading news outlets, of the "WikiLeaks War Diaries" is an event that undoubtedly dwarfs the 1971 release of the so-called "Pentagon Papers" by Daniel Ellsberg during the latter stages of the Vietnam War, and by several orders of magnitude.
There is simply no plausible way to paint this as good for the oil industry, or defense contractors, or for any business with military connections and contracts.
And so, my question: how deeply into negative territory will the NYSE open, tomorrow?
Feel free to take a guess. Bonus pool: How far down will Merck slide, by mid-morning tomorrow?
I really don't know -- I just have a strong hunch, here, that this highly-damning 92,000 page cache shakes the scant remaining faith of the undereducated masses -- in the military-industrial complex, and its pervasive influence in world commerce.
Although the documents point most squarely at deception by the former Administration [Mr. Cheney's, in particular], they may well lead to a quicker exit from Afghanistan -- as Mr. Obama may now become convinced that if many of the Pakistani secret forces are actually aiding the Taliban, then the Afghan conflict is an unwinnable quagmire.
If nothing else, that is one central lesson contained inside the 92,000 pages -- that we are as much fighting what purport to be our Pakistani allies -- as we are fighting the Taliban, in Afghanistan.