>>At the moment, the market thinks everything that could go wrong for this company has already gone wrong<< At this point, whether or not the market is reacting, I think we have to consider the impacts from a war against Iraq, which could begin before Labor Day. Would this trash the markets even more? Have the markets discounted the impact of a war, given all the leaks from the Administration, coupled with comments in all major news publications, including The Economist?
My guess is that a war, now almost a certainty, would create further distortions in the overall markets, with oil and defense stocks getting more buying interest, and just about everything else, including wireless, going down even more.
Art |
