The Winds of Change
- 07th January 2005
- Jeffrey Fall
It seems that the Enron scandal, the Andersen consulting blunder, and the bankruptcy of Worldcom have further lessened world confidence in the U.S. The stock market slide over 28 months had, by July of this year, wiped out half of the entire market gain that occurred in the 18-year bull market run from 1982 to 2000.