Tuesday, August 14, 2007

Stocks dive 208 on credit problems

I love the negativity from all fronts. Headlines abound about how "bad" it is.

It has always amazed me how whenever the market doesn't set a new high every day, or every hour, a host of nattering nabobs of negativism come out of the woods to decry the woes of the economy and the market.

It was time to clean up the credit markets, cheap mortages, fake mortgages, fake qualified buyers, some hedge funds, some big brokerage firms and afew hot-shot traders.

Overdue, really.

The market is doing a good job of it. In orderly fashion.

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