‘Reasons’ Not To Invest in 2002

 

 

Headlines:

North Korea admits to developing nuclear arms in defiance of treaty

UN Security Council passes unanimous resolution calling on Iraq to disarm or else face "serious consequences."

President Bush vows to expand the fight on terrorism, signs legislation creating a new cabinet department of Homeland Security

Snipers prey upon DC suburbs

Spate of corporate scandals:

Enron, Arthur Andersen, Tyco, Qwest, Global Crossing, ImClone, and Adelphia-- hiding debt and misrepresenting earnings

 

Close of Dow Jones Industrial Average Dec. 31: 8341.63

Bear Market in full swing