SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor
GDXJ 94.04+0.6%Nov 21 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bill Jackson who wrote (88033)7/20/2002 8:47:35 PM
From: Richnorth  Read Replies (1) of 116764
 
It is entirely plausible that "terrorist action" might have been partly responsible given the fact that Osama did vow to disrupt/destroy the U.S. economy.

But I'd rather think that investors have lost confidence and are pulling their money out of the markets before things get a lot worse. By now the "excesses" and scandals of corporate America and Wall Street are striking fear in many investors worldwide as never before.

I believe the upswings were due to the Plunge Protection Team that is desperately trying to keep things afloat for as long as possible to give the rosy impression that recovery may be just around the corner.

Have you ever wondered why the U.S. Presidents from Nixon on have been kissing the Chinese ass?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext