"BUSINESS PAGES THAT READ LIKE THE CRIME BLOTTER...."
We rock your world!
"Imperious chief executives falling like flies."
"The economy and markets right now are in the midst of a full-blown corporate governance shock," said Stephen Roach, chief economist and resident pessimist at Morgan Stanley. "To presume somehow that it's over or the worst is behind us is naive."
"There is clearly a liquidation going on here as people lose confidence in what companies and proponents of stocks have been telling them,"
"Foreign investors are coming to the realization that U.S. markets are riskier than they thought," said Richard Bernstein, chief equity strategist at Merrill Lynch & Co.
"This is not the way economic cycles usually work."
"The market now looks like "a crooked house, a sophisticated game of three card monte,"
"our view is that the market, even at this level, is still quite speculative."
"In the 20th century, we have never had a strong, sustained economic recovery when the stock market is meaningfully down," said economist Barbera of Hoenig & Co. "Unfortunately, I don't think it's going to happen this time, either."
washingtonpost.com
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OK, so "Booms, Bust and Recoveries......."
Two out of three ain't bad. |
