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To: milo_morai who wrote (54589)9/12/2001 2:35:27 AM
From: tejekRead Replies (1) | Respond to of 275872
 
The October 1987 crash left the Nasdaq at 323 at its nadir, a level reached again four years later in October 1990 at the moment of greatest panic over oil supplies during the Gulf War against Iraq. If the markets had risen from there in a straight line that approximated the historic 6% return of stocks, that index would be at around 690 today instead of 1,680.

They just announced that the German stock exchange will open for trading but will keep American securities on suspension.

As for the expected crash, most people who have been around a while say the stock losses that occur at times like these are usually made up in the weeks immediately following the crash.

In addition, there is some talk of an informal campaign to encourage American investors to show their belief in this country by not selling their shares on Thursday..assuming the markets open on that date. I also expect that the Feds will drop rates again in the next couple of days.

We will get through this!

ted