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Strategies & Market Trends : Ask Vendit Off-Topic Questions -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (1454)	9/14/2001 4:20:04 PM
From: Vendit™	Respond to of 8752

Thanks Scott. Indications are investors will hang on Last Update: 4:12 PM ET Sept. 14, 2001 NEW YORK (CBS.MW) -- Patriotic buying? Panic selling? Hold for the long-term? Just what will investors do when the equity markets re-open Monday after being closed for nearly a week following Tuesday's terrorist attacks. There's been much speculation over the last few days and it's starting to look like investors will be staying the course. "There's definitely been a pick-up in calls coming in which is indicative of the level of concern investors have," said Rick Malone a senior vice-president and regional broker Ferris Baker Watts. Right now, however, Malone said none of his clients were looking to sell when the markets open. About 5 to 10 percent of clients, Malone said have indicated interest in buying stocks to spur on the market Monday. Another broker, at Salomon Smith Barney, a unit of Citigroup (C: news, chart, profile), said clients across the board are accepting the firm's guidance that any sharp downturn would be a short-term phenomenon and that long-term stocks historically have moved up after these types of events. None of his clients, he said, were looking to step in and buy on Monday but there also were no sell orders. Datek said it wasn't accepting orders yet and so could not comment on which way it thought investors would go. cbs.marketwatch.com