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To: JRI who wrote (13231)9/12/2001 4:58:24 PM
From: Paul Shread  Respond to of 209892
 
>>so much of tech close a high% of sales within last 2 weeks, and I gotta believe that this is all having a very disruptive effect....<<

A very good thought ... but how much financial infrastructure will they be rebuilding?



To: JRI who wrote (13231)9/12/2001 4:59:16 PM
From: velociraptor_  Read Replies (2) | Respond to of 209892
 
Discussion of the markets and stratagies for when it re-opens is not insensitive. Many make their living in the markets. Most of America went to work yesterday and is back to work today, so I see no reason not to discuss the markets.



To: JRI who wrote (13231)9/12/2001 5:10:24 PM
From: Paul Shread  Read Replies (1) | Respond to of 209892
 
Two views from marketwatch:

Raymond James' Saut, however, is not among those expecting a quick plunge, then a sustained recovery. He sees the opposite.

"The market will be propped up temporarily, but we're in a primary downtrend," Saut said. "There is no precedent for this, and if there was ever any doubt that we were heading into a recession, that was thrown out the window yesterday."

Even so, Highstreet's Brown, Barrington's Paris and others expect American markets to reflect the American character.

"Americans will show the world that it's best not to bet against them," Brown said