[snooker]

I agree with your opinion. There is no valid reason the markets are down. The economy is rising, and usually the markets signal this in advance. But now ... stock buyers are driven by fear that the next company to own up to 'clinton accounting practices' will be the one they own stock in.

Can't blame them. Once this 'crisis of confidence' clears up, all will be back to normal.

tarpon

[billybudd]

There is no valid reason the markets are down.

Boy, how did you come to that conclusion? I don't think millions of investors are being irrational when they take their money out of the market - they are simply reflecting the economic and political uncertainty. This is a "valid" reason, although I'm not sure what you consider a "valid" reason for a market to be down.
I think your optimism is premature. We have not experienced a panic, an overreaction that can be cleared up once the dust settles. We have had much worse - a steady loss of credibility in the market. There are structural issues to be resolved at the core of our economic system, plus an uncertain political environment because of the war. This is not something that will "clear up" in a couple of months.