Monday, January 21, 2008

 

Panic Is Driving Today's Stock Market

ARE YOU SATISFIED, all you permabears who have been preaching financial Armageddon — for years? Your patience in the face of reality has finally paid off. You've talked the American public into outright panic, and so now we've got the first real stock market break since the present bull market began in early 2003.

With the S&P 500 making new 52-week lows, having fallen 15% from all-time highs in October, as the Bard of Avon might ask, "There, art thou happy?"...

SmartMoney: Panic Is Driving Today's Stock Market

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