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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: CAtechTrader who wrote (14977)	11/12/2000 12:23:30 PM
From: im a survivor	Read Replies (1) \| Respond to of 65232

<<Keith, closing the markets would kill off the "Democracy of the Markets" and set a terrifying precedent...you have not seen panic until you close the markets, the markets are vital to the banking system..how do you think banks get liquidity?...if you close the markets, you close the banks...talk about chaos.>> I agree.....My statement was one of those that I meant, but knew it was an impossibility. I just think it's sad that folks will go bankrupt because of this. If they do tank the naz again, and real panic sets in it could make 1929 look like a blip. It;s just not fair that this election is causing such a dramatic effect on so many lives ...world wide. If it was possible, and I know it's not, it would be cool if they could put a halt on the markets like they do on individual stocks when uncertainty hits them..then start trading again when the uncertainty is removed. Lets face it, it would calm alot of nerves right now. Folks are sitting watching their life savings go right down the tube, ot knowing whether to buy or sell, not knowing whether we crash or rally.....again, I know it's not possible, but if they just froze the markets where they are now, I guarantee you millions of americans would sleep better at night. I was out last night and it was amazing the topics of dicusiion....people really are scared that everything they worked for is going down the drain and will stay there....others are taking out second mortgages to pay off debt, or put into the market thinking it's a buying opp....if it crashes, there go many more bankruptcys. If you were on margin, your probably not anymore and are waiting in line for food stamps<ggg>....again, I just think the stock market and peoples money is such a big thing right now, and most folks are scared shitle$$ as to how this whole mess will end and what will happen with the markets in the meantime...... keith