Fox Now Going After Spitzer

Brenda Buttner, host of the Saturday morning show Bulls & Bears said she didn't think we had "to worry with Buffett," but she thought "Spitzer will have some more [investigations], as he gears up his campaign, definitely."

Cavuto asked Asman how much higher he thought the market would go. Asman said he wasn't good at predicting that sort of thing but, "certain stocks, particularly pharmaceuticals have been beaten down because of the lawyers." Berkshire Hathaway and insurance stocks "have been beaten down because of AIG." (The SEC and Eliot Spitzer are investigating AIG.) (Here is a one year chart of the pharmaceutical index. The "lawyers" and "bureaucrats" aren't affecting the stocks as much as Asman implied.)
(News Hounds)