Disappointment among investors was reflected in a quick drop of 100 points at the New York Stock Exchange.
Novak has no idea what he is talking about. The market had been rallying for quite some time, and it was a predictable "sell the news" reaction. It was an excuse to take profits and nothing more.
We're talking about what might happen in the future, so my guess is no better than anybody else's, but this article has a "portent of doom" ring to it that seems overblown. "Worst performance ever... absolute fiasco... very, very costly." What? Fifty frigging basis points! Geez, cool yer jets. If they have to, they can have another meeting next month and chop another 50.
6 posted on 07/02/2003 10:23:56 PM PDT by Nick Danger
(The liberals are slaughtering themselves at the gates of the newsroom)
We're talking about what might happen in the future, so my guess is no better than anybody else's, but this article has a "portent of doom" ring to it that seems overblown. "Worst performance ever... absolute fiasco... very, very costly." What? Fifty frigging basis points! Geez, cool yer jets. If they have to, they can have another meeting next month and chop another 50.