6-26-02 Wall street watch

[harrowup]

It's the Bush market now. None of this has anything to do with Clinton.

Nonsense, dd. The corruption of the past "eight year miracle" is finally being investigated by folks that now realize that the guy at the top isn't a bigger crook than they are...amnesty to all the corporate officers and directors who spill the beans.

The culture that Clinton and his cronies embraced encouraged every cheating bastard in the country to take it while it was left on the table.

No one, at least no one with an ounce of sense believed all the hype. The WSJ and IBD should spend more time yada, yada, yada on the business world and less on politics and heroes. They might have been aware of this mess if they were even half-assed jounalists...they aren't. They're shills for the guy what pays for their outrageously priced meals in the city.

By the way, while JR's comments to you were more than just obnoxious, you might want to take it easy on poor old Roscoe, CJ and the rest of the Fundy/Papal/Zionist Cabal. They've covered themselves in Godliness and they will prevail...all the way to the stake.

[jrlc]

If the RATS target the GOP on WorldCom etc. they will open another "Rush" of criticism on themselves. Global Crossing anyone?

[Always Right]

What happened to the major stock collasp? The Dow lost 1 whole point (not percentage point, but 1 point) yesterday. Where are all the chicken littles.

[Billy_bob_bob]

No market goes in a straight line. Some of the sharpest rallies you will ever see are in a bear market, especially when a lot of shorts get spooked and all run to cover their positions at once. It doesn't mean this is over, not by a long shot. There are still a lot of shoes left to drop. I'm starting to think that the list of Fortune 500 companies that aren't in trouble will end up being shorter than the list of Fortune 500 companies that are in trouble. I'm expecting the Dow to hit 7000 or lower before this is all over.

[Billy_bob_bob]

P.S. By "trouble" I mean being investigated by the SEC or some other entity for reasons of accounting fraud or other shenanigans.