Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: American Spirit who wrote (8976)	9/13/2001 5:12:29 PM
From: Bob Duncan	Read Replies (1) of 74559

I am long many positions, but frankly all this talk about propping up the markets, i.e. .75 cut, NO ONE SELL, etc. is disturbing. We live in free markets. The world is not the same as it was earlier this week. These two reports coming out today showed the economy was tanking before any of this began - no question in a regular trading day this news would have caused another selloff. Now, everyone is saying "please don't sell" Look, I am long and do not like to lose money either, but this is damn close to financial propping up markets. Just let things run their course. So what if things tank 10% for a bit, in the end people will be OK. If anything, a selloff might finally give us a REAL bottom. Peace.

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