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From: Jean
Date: 10/28/01
Time: 11:15:13 AM
The stock market always dips in uncertainty. Now it takes a natural dip before the federal budget is completed and it also takes a natural dip just before a presidential election. The big boys are sitting tight cause they are uncertain in both cases of how they want to play the game.
Now in both cases the market takes off again as soon as the uncertainty, the fed budget or election is completed. Cause then they know what they want to bet on.
This did not happen in this case. First because of the long uncertainty of the election and then the economic plan that Bush wanted. Trickle down economy does not work, proved and proved again. So the big players went elsewhere.
It did not follow the natural ups and downs and you can blame the whole thing on the crooked Fla election and Bush economic policies.
The only fault you can lay at Clinton's feet is that the peoples trust in him was so high that the market got unreasonably high during his term. With the same trust in a new president, it would have bounced back in late Nov. early Dec and by Jan been going gung ho.