The Monica Market is an amazing phenom. I talked to seven Wall Street hotshots last week when the market tanked and five of them blamed Monica. The kid's got a lot to answer for, but not this. But there is this theory that instability in Washington is bad for business. Personally, i think the fact that its August and investors and traders are at the beach is a bigger factor.
Fewer players means the market swings up and down more erratically.
The thing you need to know about Post Company stock is that all the other big newspaper companies are off just as much or more. New York Times stock is down about 25 percent from its peak only a couple of months ago. Click on Gannett. A correction is supposed to be a drop of 10 percent from the peak. Analysts and trend watchers are starting to use the B word.