Advanced Micro Devices - Moderated (AMD) Message Board

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Technology Stocks : Advanced Micro Devices - Moderated (AMD)

AMD 213.43

+6.2%

Dec 19 9:30 AM EST

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To: Mani1 who wrote (54577)	9/12/2001 12:55:28 AM
From: milo_morai	Read Replies (1) of 275872

<font color=purple>..."Always, history offers perspective So what if these scenarios don’t pan out? The global financial system was already in bad shape before Tuesday and sellers of stocks were swamping buyers with growing intensity. If worried investors decide to put all their personal funds in a lockbox and the Fed and Congress stand aside, you could look to the last major financial crises for the floor in the market. The October 1987 crash left the Nasdaq at 323 at its nadir, a level reached again four years later in October 1990 at the moment of greatest panic over oil supplies during the Gulf War against Iraq. If the markets had risen from there in a straight line that approximated the historic 6% return of stocks, that index would be at around 690 today instead of 1,680. That could be a real floor, but it’s unlikely to transpire if authorities do their job and thus avoid the fate that befell Gen. George McClellan two months after Antietam. President Lincoln replaced him with Ambrose E. Burnside after complaining about McClellan’s failure to press his advantage after victory. His comment: “If you don’t want to use the Army, I should like to borrow it for awhile.” The Bush administration likewise has a vast set of financial weapons at its disposal to battle this assault, and the public will replace it if used unwisely and too slowly." moneycentral.msn.com Images from today charlotte.com Very sad indeed.

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