---
author: Eric Wagoner
date: '2002-07-19T02:39:16'
draft: false
title: Stock Prices, Revisited
---

Those people freaking out over the plummeting stock markets obviously didn't read [my announcement last year](/archives/000208.html). True, I did expect the lows to come six months ago, but I didn't anticipate 9/11 and the wave of patriotism that pushed the markets higher for a while. Now that that's over with, real market forces are back in control and I stand by my previous announcement.