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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: MSI who wrote (305928)	10/8/2002 2:29:09 PM
From: jlallen	Read Replies (1) \| Respond to of 769667

This market is an indicator of eight years of utter lawlessness coming home to roost.... Bush and company are the clean up crew....not the problem....

To: MSI who wrote (305928)	10/8/2002 2:41:00 PM
From: Baldur Fjvlnisson	Respond to of 769667

I doubt that the market takes the war rhetoric very seriously. The labor market is weak, earnings are meager, credit ratings are tanking and the debt levels are still skyrocketing. It's basically one big bankrupt mess. According to Wilshire; book value of this mess is 2.1 trillion dollars. That includes up to a trillion in goodwill and intangible assets (you know, the stuff they have been writing off. Remember AOL and JDSU giant losses) and hundreds of billions in debt is hidden off balance sheets. So real world book value of this market may be as high as a trillion which means that it's selling at ten times that - or as little as zero. How much should you pay for zero?