None of what I say here is meant to imply that the fundamentals don't stink, but the real problem is with the heavy hitters going on vacation.
Every couple of years, the high rollers in New York take a couple of weeks off. Usually it coincides with the New York Yacht Club's annual cruise. They pile onto their boats and head to Newport, Marblehead, Christmas Cove, and Bar Harbor. While they are gone the children get to run the store. Sometimes it works well, and sometimes it stinks. It's always back to status quo by September 15th. They always make money on the instability.
If you don't believe me... Check for the correlation between NYYC Cruises and tanking markets in August.
Or, as Gomer Pyle used to say: 'Surprise, Surprise, Surprise'.
Much of the initial coverage about Fort Hood turned out to be wrong. Is there anything wrong with that?
The accountability imposed by another country for the CIA's kidnapping and torture reveals much about our own.
Fox News' morning show plays to type, talking about whether Muslims in the Army should face "special debriefings"
The survivor and author is upset about comparisons some on the right are making to genocide
Once seen as a lunatic fringe, reactionary anti-women groups are courting respectability
Salon headlines in your mailbox