I know at some level you must realize how ludicrous and irresposible that statement is because, you have been in the game a long time.
If people rally a stock to unrealistic levels it is the same thing as throwing money away. In this instance, if people do as you suggest, it would potentially be giving money to terrorists. Consider this: If you rally a stock for no other reason than to have a big green day, there may be a terrorist taking on the short side of the trade. Since the rally would not be based on fundamentals (because it is merely a feel good rally), the short side of the trade would have a high probability of paying out. I am not implying that shorts are terrorists. I am merely trying to point out the folly in your statement.
Casaubon:
I'm sorry you feel that way...
A year ago terrorists struck at the heart of our capitalist system by taking down the Twin Towers... The market tanked... A rally on 911 would be a perfect positive response to those who are jealous of our democratic way of life... Of course there will be people ready to short such a rally, terrorist or not, but for one day the average investor can thumb their nose at terrorism and take their profits at the end of the day if they wish... The symbolism of the rally is what's important... Call it folly, call it ludicrous, call it irresponsible... A feel good rally, even for one day, an important day, (911), couldn't hurt...
Jim |
