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To: epicure who wrote (2173)9/13/2001 12:11:04 PM
From: bonnuss_in_austin  Read Replies (1) | Respond to of 51706
 
Some view it even more cynically, including me, X.

i.e. Wall Street's latest twist to prop up the markets via manipulation to pull the heartstrings of 'Joe6Pack's' patriotic duty, etc, etc.

To wit, from the 'CNBC Critique' SI thread:

Message 16343565

Personally, my view is this.

Why on earth would I risk my own money in some highly remote 'expression of solidarity' in markets taht haven't been this precarious in, what, 40 years? Since WWII, perhaps?

I think it's spin as usual. Perhaps not some hugely organized 'conspiracy driven' concoction.

Basically, just the same old, same old 'faith, equating to 'morality,' is where it's at.

Hardly any more than the old televangelist schemes. (Or are they old? Are those networks still on? I have no idea. The _____ Club? What was that? My memory fails often, BTW.

-g-

bia



To: epicure who wrote (2173)9/13/2001 12:19:09 PM
From: TimF  Read Replies (1) | Respond to of 51706
 
deleted



To: epicure who wrote (2173)9/13/2001 1:03:01 PM
From: cosmicforce  Read Replies (1) | Respond to of 51706
 
Historically, it has, on average, been stupid to sell into a panic.



To: epicure who wrote (2173)9/13/2001 2:36:26 PM
From: Poet  Read Replies (3) | Respond to of 51706
 
Hi,
I'm a little late in responding to you because today of all days I had a looooong hair appointment.

I think the "unpatriotic" spin is a deliberate attempt to keep people in the market so as to avoid a further crash. Frankly, I've been out of all equities except for pharmas and gold miners for almost a year now, as it is quite apparent that we are in a bear market. The fact is that the primary has been "down" for months now and that the American economy is teetering on recession, along with much of the global economy. I think this attack will further destabilize things, for how long I don't know, but if I had money in equities that I were going to need in the next few years, I would be withdrawing it from the market.

There's also been talk on some threads about the "immorality" of short selling this market and suggestions made that those who were short before Tuesday give their short profits back. I heartily disagree with this. I'm straddled and will profit from the inevitable volatility, but I had no idea, just like all the other people who are short, that this was going to happen. Short selling and put buying add to a healthy market.

end of rant -gg