"Stock markets fell further and faster after the Enron and WorldCom scandals than they did after the terrorist attacks of September 11, telling us that what the market fears most is not a terrorist attack from without but a moral corruption from within."
— Michael Ramsden, from this lecture on the current market crisis (via davereed)
I think this falls in this category. I’m pretty sure the stock market fell further and faster is because “the market” thought those events made the price of stocks more overvalued and harder to recoup than Sept 11. My views also fall in this category.
-
movalmike reblogged this from davereed
-
beverlyhasablog reblogged this from davereed
-
whatson reblogged this from davereed
-
robot-heart reblogged this from radarchive
-
radarchive reblogged this from davereed
-
ericmortensen reblogged this from mikehudack
-
mikehudack reblogged this from hilker
-
hilker reblogged this from davereed
-
echotalk reblogged this from davereed
-
davereed posted this
