I was channel surfing and unfortunately came across CNN a few minutes ago. The quote from the news B***h was that "Bush has done it again"! With reference to todays drop.
Interesting!!!!! Huh! I would say that CNN has done it again! They should be lined up and terminated with extreme prejudice.
Agree. Bush is merely at the helm of a market that was correcting before he took office. The hit on Sept. 11th and the uncertainty that caused is purely fate from his perspective. I'm not sure what he can do to bolster the markets and wage war at the same time. This kind of war that is. When we atack Iraq, the markets will reel all over again.
This August 14th certification edict was not in my estimation prudent for the market. Something more subtle would have been better. What happens if out of fear , mnay CFOs and their CPA firms err on the side of caution and reduce earnings expectations just to be totally free of future scrutiny? More emotion to grind an already overly emotive market.
Keep in mind that CNN is in the toilet covered with AOL crap. By August 14, they might be bankrupt too when the AOL criminal accounting debacle is announced.