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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (92018)9/11/2001 7:03:04 PM
From: Tommaso  Read Replies (1) of 132070
 
Well, lots of US shares trade in Europe, and the US market might have to open with trillions of dollars already discounted world-wide, counting foreign as well as US shares.

I think that share prices need to decline to get back to reality--and decline a lot. But now I am speaking more as a citizen than a bearish investor, when I say they ought to do this in as orderly a way as possible.

If all the foreign markets lop off a lot of valuation, and if a substatial fraction of US mutual fund managers decide it's prudent to raise cash, US markets might even have trouble opening.

But let's see what happens.

Greenspan can't do a damn thing about what occurs in Tokyo, Frankfort, Paris, or London.
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