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Technology Stocks : Apple Inc.

AAPL 274.17

0.0%

2:58 PM EST

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To: Lizzie Tudor who wrote (55700)	8/11/2006 2:12:23 PM
From: HerbVic	Read Replies (1) of 213176

Supply/demand for stocks is what drives the price up or down, and when the market anticipates down the demand falls through the floor, valuations be damned. Bush relied too much on his little tax cuts to drive the economy forward enough to finance his party's ambitious war effort. I like him, but ... he hasn't made the hard decisions lately that he needs to in order to propel the economy forward. You can't drive an economy forward on a war effort spending surplus military hardware from the previous century. His war did little to broaden the tax base, and created few jobs in this country. Now, the easy money is spent, the war is still going, and the tax base is shrinking. It does not look like the Republicans can do anything but whistle past the graveyard, and the Democrats are without a clue. "Won't be a bull market for years." may be an understatement.

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