(Ed. note: The challenge of this post is to fashion an instapundit analysis using at least three of the following items into a sentence that you FEEL best explains what happened on Wall Street yesterday. Do not fret if the result does not make sense. Feel free to add a reason of your own if necessary. )
1) The computer glitch
2) The crazy Chinese stock market and the proposal to tax 20% of capital gains on Chinese investors.
3) The comments by Alan Greenspan that the US may go into recession
4) Stocks being overvalued
5) The sub-prime mortgage crisis where many homeowners who have sub-par mortgages are facing foreclosure due to rising interest rates.
6) The winter snowstorm
7) The pothole that opened on State Street
8) The drop in the durable goods number for January that was a big surprise to Wall Street.
9) The prospect of unending war
10) The rise in gasoline prices
11) The Wisconisn Badgers losing two games in one week.
12) Lack of confidence due to the unsolved recent fire at the Coach House
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None of the above. Apparently the problem was an uncontrolled stock market in Singapore where investors were riding a wave to the top and they neww it would crash down. China itself did not have the issue - so - read all about it on MSN. Sue
ReplyDeleteAre we all forgetting about the Anna Nicole Smith issues out there?
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