NICE SPEECH, MR. PRESIDENT, BUT...

摘要

So the Big Guy spoke, and the market has been sinking like an anchor in a fishpond. Although President George W. Bush's July 9 speech was designed to restore investor confidence, major stock indexes continued their free fall. Now, both the Nasdaq Composite Index and the Standard & Poor's 500-stock index have crashed through their depressed post-September 11 levels to hit five-year lows. The next day, the Dow Jones industrial average plummeted more than 3%.