Are stocks facing ‘irrational pessimism?’

Associated Press by Rachel Beck | Mar. 8, 2009 (Comment)

The negative environment in the overall market is driving away prospective buyers, said Darin Newsom, senior analyst at the Omaha, Nebraska-based market information company DTN. "Right now no one wants to support this market," he said. Full Story »

Posted by Peter L. Combs

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Peter L. Combs
3.6
 by Peter L. Combs - Mar. 8, 2009

A steady handed one sided view, written with examples and legitimate arguments for why the markets may have dropped so far. The writer could have presented a more balanced look by referencing the Market's drop as they coincide with public announcements by the administration.

The writer stopped short of blaming gun shy investors, who have watched their IRA's and 401's drop while being fed a daily diet of news on latest scandals and failures by Government's to do it's job for 25 years.

Peter posted this story.

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Peter's Rating

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