The driving factor is indeed the Enron story.

I certainly have no preconceived notions regarding Enron.

Ken Lay has, does and will continue to accept responsibility for the bankruptcy of Enron. He was the man in control at the time the company failed. But failure is not a crime. Bankruptcy is not a crime.

A negative pallor hangs over the market.

When I asked him how long he had been driving a taxi, he said, Dree mouse.

Enron got in trouble with too much debt. Investors and analysts didn't realize how much debt they had because it was hidden.