Tuesday, February 27, 2007

No problem, just a slight correction

According to Yahoo! Finance MarketWatch, the US stocks today plunged to its worst one day drop or 416 points, since 2001. This was basically in response to the economic cycle coming to an end. This was at least what I have read yesterday in the Yahoo! Finance Section of what Alan Greenspan has predicted.

Sure enough, during the past number of years the US economy has been rather bullish. Now I guess it is time for a little correction. Something in which will prevent some big alterations. At least the analysts and other financial forecasters could see this one coming.

This time around, I kind of doubt that any of the stock brokers and/or others well vested into the markets who are not going to be opening up their office window and take any flying lessons. Something in which I read happened following the October 13th 1987 collapsing 508 points. An event in which it took the US markets a little over 2 years to recover.

But whatever happens, you know those liberal armchair economists out there will attempt to try placing blame on the Bush administration. When this is something in which it could not have been avoided. It is a natural event. Something in which Mr. Greenspan, Milton Freedman and/or their other beer drinking economist friends could have done anything about it.

In process giving those flaming liberals attempts to build creditability in their goal of trying to make Mr Bush and his administration look bad. Something in which it would have not backing, but it still would make them feel better.

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