Fox Contributor: “Frankly, If You Want To See The Dow Go Up, Let's Get The Bombers In The Air And Neutralize This Iranian Threat”...

Media Matters June 7, 2006 at 11:39 AM
READ MORE: Fox News

During the June 5 edition of Fox News' Your World with Neil Cavuto, Jonathan Hoenig, managing member of Capitalistpig Asset Management LLC, asserted that bombing Iran would raise the Dow Jones industrial average. Hoenig stated: "[F]rankly, if you want to see the Dow go up, let's get the bombers in the air and neutralize this Iranian threat. We've gone to the negotiating table, we have danced around with these people" and "that's not going to help this country nor the stock market." Hoenig's comments came during a discussion led by host Neil Cavuto, who asked whether "investors [are] worried more about interest rates than a nuclear Iran." Cavuto was referring to Federal Reserve Chief Benjamin S. Bernanke's suggestion that the Federal Reserve Board's Federal Open Market Committee may continue to raise short-term interest rates, as well as Iran's threat to cut its oil output if the United States interferes with its nuclear program.

READ WHOLE STORY