Judging from Wednesday's 312-point drop in the Dow Jones Industrial Average, the equity market could be replacing the bond market as the new "vigilantes" who try to drive some sense into Washington, says Schwab's chief investment strategist Liz Ann Sonders.
Ladies and gentlemen, thank you for holding, and welcome to the NII Holdings Second Quarter 2010 Earnings Conference Call. At this time all lines are in listen-only mode. There will be an opportunity to ask questions at the end of today's call. Today's conference call will be available for rebroadcast for the following two weeks beginning later today.