Some analysts warn that the financial markets will be hurt by short-term jitters nonetheless.

WSJ: Malaysians Turn Out in Large Numbers in Tight, Historic Election

Some analysts warn that the rally in the euro could reverse fast if politics in Europe, particularly Spain or Italy, unnerve the bond markets further.

WSJ: Strong Start to 2013 Hints at Revival for Currency Funds

But to take that city, warn some senior military analysts, could be a strategic error.

CNN: Ground offensive could threaten peace process