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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	9/16/2001 5:49:41 PM
From: velociraptor_	Read Replies (2) of 37746

Do NOT buy stocks Monday for patriotic reasons. The notion being spread around to buy stocks for patriotic reasons is foolish. Tragic it may be indeed, but the current events do NOT change the economic outlook for the better. In fact, for many companies it will be worse due to losses and additional anticipated slowdown. The fact that earnings are falling does not change. The fact, that the American consumer and corporations are laden with debt does not change. Many things do not change. Buying stocks because you feel good about America is not a good reason. My advice is to limit activity and do NOT buy stocks. Let the big brokers and the government try to stabilize the market first as retail investors do not have the capital nor the resources to change the market, but brokers and government do. If THEY cannot save a falling market, your retail buying isn't going to make a squat of a difference and you will be making a losing proposition.

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