Good morning King!
Let it be said I am no economic expert or anything, but from what I've seen others say about the economy, the recovery is doing fine. Q1 GDP was 6.1%, which is pretty dang good.
It's that we're about halfway through all the big companies taking a hard look at their accounting methods. Once this ends, confidence should return to the market and the indexes will rebound.
Until then, Wall St. will remain gunshy.
My worthless opinion. hehe
Pokey, your post #8 contains more commonsense than all the "experts" will ever be able to grasp =^)
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