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Instead, investors spent the week dumping stocks as fast as they could.
To pessimaniacs dumping stocks in a rising economy, the contrarian suggests: "Hence, loathed Melancholy......
Investors dumping stocks and fleeing to cash might depress business confidence and depress the wealth effect of the recent run-up, for instance.
With no ability to sell risky loans or slices of collateralized debt obligations, the funds started dumping stocks they owned and buying back stocks they had borrowed.
There are also complaints about insider trading, stock manipulation, and big investors with government connections, pumping and dumping stocks on small investors.
Investors steadied themselves Friday after initially dumping stocks when Citigroup announced details of its plan to turn over more of the company to the government.
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And anyone who cared could see that Enron executives were dumping stock.
Did they even try to find out the bosses were dumping stock?
"I mean, everybody in this corporation was dumping stock," he said.
Did they sniff around, read some interoffice e-mail, ask a few questions about why the bosses were dumping stock?
The Manhattan district attorney, Robert M. Morgenthau, said the firm used an unsophisticated method known as pumping and dumping stock.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com