Sweaty Palms on Bloombergs
I was talking with someone in my brockerage office about 20 minutes ago, and she was bemoaning the Intel news and was concerned for the market tomorrow. I made a light comment about it and she came back very seriously with the big list:
War in the mideast
War in East Asia
Terrorism
Accounting Issues
These issues were obviously very top of mind for her, and it's probably not unreasonable to extrapolate that she gets it from her environment.
So the question is, if consumer confidience is up, if business confidence seems to be edging up slowly, very slowly, behind it, if people are spending and planning away, if employment is looking better and better, that would seem to indicate that most of the rest of the country is not consumed by these worries. Do the rest of us just have our head in the sand or is the financial community properly worried?
3:07:18 PM 
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