Softechie, just some general thoughts for everyone to think about:
The initial, most visual terrorist attack was on the WTC buildings, the Pentagon, and whatever the other target was for the fourth plane that "was" crashed. The impact of these terrorists acts were immediate visual destruction and loss of life. Right out in the open for all to see. An attack on the financial infrastructure and those who do the business of making money flow in the world economy. And an attack on the "protection" aspect and role of our government.
In the chaos generated a second more destructive wave of terror could be set off among the nation as a whole. Financial Panic, attempts at Economy destruction. This is the terrorist threat that still exists and may well have been the real intended result of the strategically planned WTC attack.
BUT, unlike the frightening sight of planes crashing into skyscrapers, we ALL have warning and time to think about what the repercussions could and might be of the second wave of the terrorism plot.
Certainly there will be people who absolutely need to sell for whatever reason. Certainly there will be people who can and will benefit from this selling. In a sense those needing to sell or feeling the need to sell due to yesterdays events are victims of terrorism as well. If you choose to worsen the selling pressure through short selling, if you choose to knowingly profit upon others misfortune immediately after/from this event, if you choose to in effect 'hold the markets and economy hostage' and prey upon the turmoil brought by the terrorism, if you choose to add to the fear, if you choose to do anything other than add stability...................THEN you are doing the terrorist's second prong of the attack.
There will be plenty of time in the coming weeks, the coming months, the coming years to make a dollar on downside volatility. It need not be made when the market re-opens.
It would be my hope and desire that the markets close day one of re-opening flat to slightly up. Thus sending a message that our economy and country is resilient, and will stand in the face of these acts of terrorism. No one has anything long term to gain from anything less. |
