Fear and greed in the Market
World press reaction to Friday's stock market crash is surveyed in today's Slate magazine, which sums it up this way: "Dot-com speculators deserve to be burned, and the world is returning to normal." In the Times of London, an op-ed headline proclaimed, "The world is a saner place this morning." Is the "shake-out" over? Which technology companies are still standing? Will the day traders ever recover? Guests include the CEO of CDNow.com, and an author of a book focusing on the psychology of investing. Also Mayor Richard Riordan on his new budget, and democratic Senator Russ Feingold (d-Wis) on his call for a moratorium on the death penalty.