Annoying report for us waiters, sort of like watching scabs cross the picket line, but no worries.
If you recall, the stock market tanked in March of 2001 but there were still plenty of signs of hope until 9/11 delivered the final blow.
This blip, IHMO, represents people who sat on the sidelines briefly because of short-term worries but now think they are bargain hunting. They don’t believe, as we do, that the fundamentals are all wrong.
