5/13/2004

Market and Economy Briefly; the market has psychology. What I mean by that is that the day traders are affected by current events. They talk with each other all the time. The Prison fiasco, the seeming worsening of the Iraq military situation combined with the Berg killing "gets" to people. Check Rasmussen this week you will see a virtual collapse in consumer and investor sentiment. Nobody feels good and the media will do its level best to see that everybody feels bad. The thing the Left wants most is a collapse in the economy AND a loss in Iraq. Iraq is now a very serious situation in the market. Your stops may be hit. If they are, get out. The major indexes are cracking through the range on the downside but barely recovered. If the bad news isn't "in the market" you could see a real collapse.

This isn't funny. The media is Left Democrat and they want blood.

Yours.

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