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To: defenderSD
Have you seen this thread, yet? Everything is linked in today's world.

http://www.freerepublic.com/focus/f-news/1596822/posts

26 posted on 03/15/2006 9:21:25 AM PST by ex-Texan (Matthew 7:1 through 6)
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To: ex-Texan

That's no big deal. It's just a correction of a speculative bubble in the middle eastern markets. That correction is probably good for our market because capital flowing out of those markets will flow into ours. It looks like they had a massive rally in those Arab markets because of rising oil prices over the last few years, and that kind of rally usually gets overdone to the upside. So now it's correcting back down, but in a global sense the lost market value is very small. It's a tiny loss of wealth compared to the loss in our market from 2000 to 2002, and we made it through that major bear market in fairly good shape thanks to swift, decisive action by Bush and the Fed.


31 posted on 03/15/2006 9:29:13 AM PST by defenderSD (¤¤ Wishing, hoping, and praying that Saddam will not nuke us is not a national security policy.)
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