We'll, let's see?
The Big Boyz now number 77. It's a big number to keep up with, but we'll give it a yankee try. The Big Point is that of these 77, which comprise over 50% of all the equity in this country, 34 or 44% have a negative stock performance since 12/31/98. That's not 99; that's 98.
I saw the same thing this week. All week, the TV talking heads were supposing that the Market was worried about the 4 E's -- Energy, Euro, Earnings, and Economy.
Frankly, I think that the Big game has been another E - the Election. Big money has already indicated a preference for Bush (which I'll add that I share). What better way to affect the one E (election), but by attacking a couple of the 4 E's. A couple of things I believe - a) Clinton is the ultimate politician, and they better do better than this, and b) intervention seldom works, but do they care if it doesn't work past November?
TB is having some fun again?
TB |
