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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (8952)	9/13/2001 11:56:17 AM
From: KyrosL	Read Replies (1) \| Respond to of 74559

I am going to stay in cash and bonds (my current position) and just watch. We are not even officially in a recession and the latest consumer confidence numbers, taken before the disaster, are sobering: biz.yahoo.com This guarantees a severe official recession as a minimum. A takeover of Congress by democrats in 2002 is now a certainty, IMO, a scary thought given their pronouncements about the economy. And I am completely unimpressed by Bush's demeanor. If it matches his leadership abilities, we are in deep trouble. Unlike WW II, this is not going to trigger massive deficit spending by the US. The situation is not even remotely comparable.

To: Ilaine who wrote (8952)	9/13/2001 12:00:34 PM
From: jim black	Read Replies (2) \| Respond to of 74559

deleted

To: Ilaine who wrote (8952)	9/13/2001 1:56:03 PM
From: patron_anejo_por_favor	Respond to of 74559

<<I think this is going to do for our economy what Pearl Harbor did back in 1941.>> The nation was primed for stimulus in 1941, bad debts had been written off. Only waiting for a spark, so to speak. If WWII had begun in 1930, the effects on the U.S. economy would have been muted to extremely dire. That is where we are at now. Got guns...or butter? EDIT: Oh, and the DJI was DOWN 5% in the two days following declaration of war, and that was without any major infrastructure hits on the US financial system.

To: Ilaine who wrote (8952)	9/13/2001 3:38:41 PM
From: American Spirit	Read Replies (2) \| Respond to of 74559

Good words, Cobalt. Nobody panic, keep investing in America. Don't bother filling up the oil companies have frozen prices and have plenty of supply. Don't sell the ATT and IBM. Buy more if you can. Ignore warnings season. Defy terrorism in every way you can. Maybe just maybe we can come out of this stronger than ever. In fact I know we will.