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Strategies & Market Trends : Sharck Soup

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To: milesofstyles who wrote (35471)	9/15/2001 1:15:14 AM
From: Devin123	Read Replies (1) of 37746

Miles I would side with Velo by saying that this tragedy is different than other recent tragedies that led to a temporary and short downturn in the markets. Over the past 20 years when the attacks across the world have led to a 1-20 day downturn, the coffers were full. Oil supplies were not low. Companies' pocket books were not empty. Consumer confidence had prior to each past event had been high. Unemployment was not rising in many of the past events. Things are a little different. BUT... the govt. is strongly behind the markets this time. There is a huge public awareness of the markets workings after the past 2-3 years. Many people who would have sold have already sold and moved to bonds. So the market itself will try to rally... it will again be a push-me-pull-you. If we had not been near the bottom before, a quick drop should bring us closer. Many insurance companies, though, will need to sell securities in order to fulfill their cash due. All I know is it's gonna be a little crazy for a while. I would just like to see companies start seeing overall revenues increasing, even if just a little, instead of the steady decline we've been seeing.

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