5/18/2004

Looks like Asia has shaken off the stock crash in India, Nikkei up 200 overnight and European markets up slightly too. Probably means that all foreign money got out and that India doesn't have much money in the U.S. market (their growth was so huge that everyone figured they could make more money at home). Ghandi will not take the PM post and the Communists won't join the government. However the damage may have been done to a success story. Our markets are on the edge. This prison story keeps finding new legs. The Hersh story in The New Yorker is being vetted, his past agenda supporting Left causes is being "examined", but if is story of the involvement of higher ups is true it is bad news for Bush.

No comments: