To: all4one
Usually current news has nothing to do with the stock prices. Stock prices are usually a prediction of US money supply/inflation/deflation/company news in the future/etc. Even after 911 the market came pack to were it was within 2 week and continued its travels at the same point when 911 occurred. I think this drop may have something to do with the declining dollar/larger then expected inflation/serious debt issues. I guess we will have to watch to find out.
3,797 posted on
11/16/2004 7:50:01 AM PST by
tmp02
(Don't come to the US. We too are dipping our bullets in pig's blood)
To: tmp02
Fannie Mae 9 Billion Dollars in the red will cetainly have an effect on the markets. Nations largest mortgage lender going belly up sure as hell won't build faith in a vibrant economy.
3,949 posted on
11/16/2004 7:41:17 PM PST by
7mmMag@LeftCoast
("....to defend the Constitution of the United States, against all enemies, foreign and domestic")
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson