Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Paul Shread who wrote (18660)	9/13/2001 2:46:02 PM
From: Debra Orlow	Read Replies (2) of 52237

I'm just putting this out there for some thought......(and to be corrected if indeed I am wrong)......aside from the immediate tragedy results, the monetary impact will linger also. I don't like to think about these things, as the horror of the personal, emotional losses far outweighs the monetary losses, but thought that I would put these thoughts out there anyway.... If indeed the attack this week is an "act of war" as has been verbalized by more than one official (Mr. Bush was the first to actually say this), insurance companies will not have to cover the damages. I believe this clause to be in virtually every loss policy there is unless specified and/or paid for. "act of war....declared or not" is usually the wording in the policy. Aside from the great personal loss, this will have a direct monetary impact on the many companies which resided in the towers, even more so than thought if they cannot recoup their financial material losses. Other monetary hits: -> the cost of the medical needs of the survivors -> the loss of individual families' income, whether it be wages or life insurance policies ("act of war" also usually stated in these policies) The total monetary impact could be even more staggering than the 20 billion figure being talked about today. And indeed, if this is the way it plays out, this cost is assumed by the nation at large. Yes, it is a cost of freedom. And one that most will willingly pay. I hate to bring these things up at the same time that a courageous many are risking their own lives trying to find and help others. And maybe my mind goes this route in order to not think of the bodily and emotional horror being experienced by so many. But I do think that it is something that we may have to think about at a later time, if not now. Debra

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