Fear Driving Market Down

[GoLeft TV]

Run time: 03:43 https://www.youtube.com/watch?v=Id5aJriMF64   Posted on YouTube: September 02, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: September 02, 2009 By DU Member: GoLeft TV Views on DU: 594

 
Even though the economy is showing some great signs of recovery, the market has been heading downwards over the last few days. Statistically, September is always the worst month for the stock market, but the reason for this yearly downturn has yet to be determined. Mike Papantonio appears on Fox Business's Cavuto to talk about a few possibilities for this downward trend, including the fear and superstitions of hedge fund managers.

[lamp_shade]

1. FOX???

[Skink]

2. Incomes are not rising and consumer spending is unpredictable.

[OHdem10]

3. Unless there is a connection between Productivity in the real

economy (Main Street) and Wall Street, WS is a gambling Casino.

With the unemployment as high as it is(Main Street), what is underlying
the Wall Street bets????

Wall Street had best get a little realism, it is going to be
a long long time before they are going up up up.

They seem to have a hard time comprehending what is going
on in this country. Hope they do not go over the cliff again.