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Strategies & Market Trends : Classic TA Workplace

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To: velociraptor_ who wrote (13538)	9/13/2001 9:39:12 PM
From: Mike M	Read Replies (2) of 209892

Are we to no longer value stocks based on fundamentals OR speculation, but rather value them on how patriotic we are? Stock is valued strictly on what buyers are willing to pay shareholders willing to sell. Psychology is an interesting thing. Many expected the market to collapse after the Tuesday incident. If it doesn't then shorts may be the ones in a panic buy when markets reopen. I agree that patriotism will only get prices so far but the Fed has put folks on notice that money is available. If businesses are convinced that the Fed means business, and that the government is about to embark on significant fiscal stimulus they may step up to the trough also...that prospect ought to scare the Hell out of more than one COT.

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