ok
the deadline is meaningless, markets discount known future events
certification is meaningless, other than the fact that it will tend to drive good c.e.o.s out of the way of the hunt for scapegoats by trial attorneys
years from now, when the market bottoms, you won't read about it here or anywhere else, there will be no public interest in the market at all
Sounds very ominous,like someone who lived through the oil crunch years of 72-78. I think your a little too glum in your outlook. History will probably not and I repeat NOT repeat itself.
This correction was purely emotional. Money supply movement and interest rate movement say it shouldn't be happening. The numbers scandal would have never happened if Arafat hadn't started hot war in the ME again. Difference between now and 73 is the fact the oil embargo was KNOWN then. Now the markets are discounting the possibility of another embargo or something symbolically worse (nothing could be economically worse than an oil embargo).
The market is telegraphing a war with Iraq escalating out of control and threatening stability region wide. I don't think we are going to get this and as soon as the war looks to be going well (November - December) the markets will respond accordingly. This is more like a repeat of 90-91.