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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?


To: Tadsamillionaire who wrote (13807)7/21/2002 7:41:06 PM
From: Skywatcher  Read Replies (2) | Respond to of 93284
 
the biggest OXYMORON in the white house.....INTEGRITYand BUSH
New Reasons to Wonder if the Worst Is Over
By TOM REDBURN

HOW much worse could the worst bear market in a generation get? A lot.

For some insight into just how bad things could still turn out on Wall Street, it is worth paying attention to Robert
D. Arnott, managing partner at First Quadrant, a money management firm in Pasadena, Calif., and co-author of a
provocative recent article in the Financial Analysts Journal. It has the seemingly innocuous title, "What Risk
Premium is `Normal'?"

"The market has come down quite a bit from the unprecedented levels it reached a couple of years ago," Mr.
Arnott says. "It has now reached the same valuation level as at the market top in 1929."

That's right, the market top: before the crash that heralded the start of the Depression, not afterward.

W is not even going to be able to comprehend what to do next....he and his band of merry millionaires don't give a rat's ass about ANYONE but themselves and THEIR money...
CC