Yup.......Doggone Matt Drudge is getting Too
Powerful.........Heehee......

"USNews.Com
February 27, 2007

Did the Drudge Report Help Tank the Stock Market?
Here's a headline sure to spook any investor or economist: "Greenspan
warns of likely U.S. recession." That was the headline right near the
top of the widely surfed Drudge Report yesterday afternoon and this
morning, referring to a speech that former Federal Reserve Chairman
Alan Greenspan made the other day via satellite to a business
conference in Hong Kong. Many market watchers are blaming those
comments- along with a weak durable goods report and the plunge in the
Chinese stock market - for today's stock market sell-off. But despite
the inflammatory Drudge headline- which, in all fairness, linked to an
Associated Press story with that same title - the Maestro was hardly
so definitive as Drudge made him out to be. Here is what Greenspan
said, according to AP:

When you get this far away from a recession invariably forces build up
for the next recession, and indeed we are beginning to see that sign.
For example in the U.S., profit margins ... have begun to stabilize,
which is an early sign we are in the later stages of a cycle. While,
yes, it is possible we can get a recession in the latter months of
2007, most forecasters are not making that judgment and indeed are
projecting forward into 2008 ... with some slowdown."

http://www.usnews.com/usnews/biztech/capitalcommerce/070227/did_the_d...