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Monday, January 21, 2008

Debate Overshadowed by Market's Plunge


HAS THE GOP PUT OUR BEST DAYS BEHIND US?

Equity markets fell hard today. Foreign investors probably didn't like the market's lackluster Friday in New York (even though it was an expiration day, which usually compounds things).

No doubt the launch of a HUGE tax-cut-and-spend competition among the GOP hopefuls, lead by Rudy Giuliani, didn't bolster confidence, following seven years in which the USA has failed to pay all its bills, even once.

With little other news on the day, markets are moving on fear.

Finally, we are going to see bargains so good that it's hard to resist.

What? You don't have any cash to buy the bargains? Yeah, I was a little heavy going into this downdraft too ... Join the club.