Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who wrote (9095)	9/15/2001 10:13:31 AM
From: jtech	Read Replies (2) of 74559

The nasdaq probably could have kept trading even during the disaster but I believe the big boys wanted it shut down and they had a good excuse. I dont go for the patriotic stock market either. If someone feels patriotic then let them donate their gains to a charity. I do look for a big effort to hold the market up through option expiration to help the large firms minimize their loss. As for shorting the market I wouldnt until friday at close. I do believe you will be allowed to short at the open but then sometime next week the fed will cut and a strong short rally (im betting on late thursday or before market friday) will force to cover to help fuel the rally. What good is buying gold or puts when the fed constantly works against the shorts instead of letting the market run its course? I think about all the poor guys that shorted the internet stocks. When the nasdaq ran to 5k they lost a fortune and they were right the whole time but just a little early. I dont remember the fed ever helping them out.

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