(2003-05-19) — Although some stock market analysts attribute today’s plunge to profit taking and fears about the strength of the dollar, most blamed former President Bill Clinton’s commencement address at Tougaloo College in Jackson, MS.
Experts said the major exchanges fell 2-3 percent today when investors learned that Mr. Clinton gave the speech for free.
“He normally charges $350,000, but he gave this one away,” said one unnamed analyst. “That’s going to drag down Gross Domestic Product big time. A lot of people are asking what he’s really worth. Fear of deflation drove the markets down.”

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