closest to pin at close 21-10-09, page-60

And this is another example of why the whole DOW index, as a measure of market health, stinks! One short term recommendation (one stupid prediction IMO) over a single bank and the whole world is going to suffer today for it?

Clearly the DOW is total crap and subject to irrational influences if just one comment can sink it! Alternatively, if the ppl actually reporting the WF comment to the public are wrong, i.e. it wasn't just this one recommendation that caused the DOW to tank, then they are unduly influencing the markets and again the DOW lacks creditability as an accurate economic measure, if it can be influenced by a single speculative event.

I suggest that tomorrow the DOW will recover most of today's loss and in any case, Oz punters will ignore it today as one piece of US BD not worthy of the attention it got.

But hey, what do I know?