----- Original Message ----- 
From: "Garrett Fitzgerald" <[EMAIL PROTECTED]>
To: "ProFox Email List" <profox@leafe.com>
Sent: Thursday, November 06, 2008 12:48 PM
Subject: RE: [OT]Stock market not impressed with Obama


>> Well, how stupid are you? Anyone who watches the stock market at all
>> knows
>> that it anticipates the future economic picture by six months. Analysts
>> are
>> already speculating about the Obama effects and making their trades. It
>> is
>> obvious you know nothing about how our economy works.
>
> Right. That's why the stock market crashed _after_ the mortgage
> crisis, instead of 6 months before.
>
> Look, _nobody_ knows how our economy works. It's a group hallucination.
>
>
> _______________________________________________
Well, I do. I had complained about Greenspan for years and finally it has
been proven he was totally wrong and he now semi-admits it during the latest
Congressional inquiry.

The stock market is crashing because it foresees a major recession ahead and 
a long time before it recovers not because two months ago Lehman Brothers 
and others defaulted. If there were no sense of a recession, the market 
would be going up right now. In fact there were a number of attempts for the 
market to recover until it became clear that the recession is upon us. 



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