Replies

The movement in the markets today had nothing to do with President Bush's speech. The market reacted to the Fed saying that they would not lower interest rates.

In the world of finance the Stock Market and the economy are two different things.

To get a handle on the economy look at the key reports that are published every month. Every key report shows an increase in the economy.

What you are seeing in the markets is the residue left over from the free wheelin 90's. People where using the markets as a get rich quick vehicle. The stock market started to look like the comodoties market. People where buying stock that was so overinflated that they where bound to loose. I can't understand how a person could buy a stock at $140 or more when that company never made a dime of profit.

As for cookin of the books. Which has had a devistating effect on the markets.

When did all that happen during Clintons era. They learned quick that you can could lie and get away with it. They had a great teacher. But it has now caught up with them. And if you had invested in their companies it has caught up with you too.

What we are seeing today is the market coming back reality. And the weeding out of a bunch of thieves and liars.

Pls. get a handle on the difference between the economy and the markets.