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The Market Lives

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by Matt Cooper
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Aug 08 2007 12:00am EDT

The Market Lives

Hey, we're back over 13,500. The earnings from Cisco weren't bad and there was some decent housing news. Maybe the absorption of all this debt and paper will go okay...I'm sure something will spook the markets in the coming days but as one Wall Street big said to me the other night, "This is not an equities problem, it's a Wall Street problem" meaning that the financials and the brokerage houses would take a hit with all this paper out there and the bonuses may not come this year but that there was no reason the market should plummet.

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