Earlier this morning, the rumored news was that it would be Gephardt, and I think the markets would have had a little tougher time digesting that, especially with his [long-held] protectionist stance. They would have viewed that as a bigger negative. |
I think the market is really focusing on the financial aspects (not news headlines). We want to see if this debt load will stop being a drag on capital investment going forward. The consumer has done his work. |
Nokia is a distraction at this point and time. |
The bears are totally in control of this market. Every rally we see is classic bear market covering. |