[Uncle Bill]

Friday, August 2, 2002 Market WrapUp - The Primary Trend Is Down
"There is now a full-scale banking crisis emerging globally with systemic risks everywhere that could be amplified by the leverage in the financial system from derivatives."

BEARS RAGE ON WALL ST.

Watch Out For The Double-Dip - "This huge evisceration of wealth is being seen as a leading indicator of the economy. Against that backdrop, CEO perceptions of the economy's potential have worsened."

Recent readings on economic growth bode ill for Wall Street

Business Day of Reckoning Nears - Aug. 14 Is Day of Reckoning for Big Companies; CEOs Must Swear to Accuracy of Financial Reports

SEC's Proposed Financial Disclosures Encounter Oppostion

Salomon Smith Barney and analyst Jack Grubman were sued Friday for allegedly misleading investors by urging them to buy stock in a now-bankrupt telecommunications company

Bush Waves Goodbye For Over A Month

I'll bet someone back home is going, "Now why don't he vote?"

[Uncle Bill]

LOUISIANA HAS 58 WEST NILE VIRUS CASES, DECLARES EMERGENCY

6.4 Earthquake Shakes Wide Area Of Eastern Japan - Kyodo

Dollar Ebbs Against Yen, Euro as Economic Outlook Worsens

Friday's Market: More Heavy Losses for Stocks

A Wave of Weak Data Capsizes Stocks

United stock dives on bankruptcy speculation

Corning tries to soothe investors after stock drop

Latest chapter in the fall of corporate America

"Investors are extremely nervous - almost paranoid," said Ned Riley, chief investment strategist at State Street Global Advisors. "The paranoia comes from making a decision and having it turn about to be devastatingly incorrect."

Shell, Exxon Mobil Earnings Tumble as Slump in Refining Business

PG&E: Trades Potentially Deceptive

Tyco Accounting Gets New Scrutiny

Chile stocks flat, dampened by Wall Street gloom

The Reckoning List

IMF nears agreement on new financial support for Uruguay

IMF Aid Hopes Help Lift Brazilian Stocks

Ecuador says IMF mission to arrive next week

. The IMF's push for global currency;

. How the enormous cost of international bankers' ill-advised loans to irresponsible debtor nations has been transformed on the backs of American taxpayers;
. How all this has affected the U.S. stock market.

Give me my IMF loan,
the stupid rich Americans
can pay for it.