Current Events — HabitableZone

Current Events » in reply to The Moslem Economic Boycott: Dow near 8,000

Be serious. There is no Moslem Economic Boycott

For example, three months ago Saddam Hussein announced a halt of Iraqi oil exports and called for all Arab countries to boycott America and Israel. Not one single Arab or other Muslim country joined in, and 30 days later, Saddam gave up and Iraq resumed oil exports.

It's very much business as usual.

So why has the stock market dropped 30%? It's simple, investors has repriced stocks to more accurately reflect a much more honest picture of corporate earnings.

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