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Strategies & Market Trends : Trade/Invest with Options Jerry a Point & Figure Chartist -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (3571)	9/15/2001 12:42:05 PM
From: Teri Garner	Read Replies (1) \| Respond to of 5893

New York, Sept. 15 (Bloomberg) -- U.S. stock indexes may plunge as much as 10 percent when trading opens Monday six days after terrorists destroyed the World Trade Center, many investors said. Airlines such as AMR Corp. and UAL Corp., which account for one-fifth of the Amex Airline Index, may lose more than half their value, said Credit Suisse First Boston analyst James Higgins. Revenue will fall as passengers shun flying and costs will rise to pay for heightened security, he said. Insurers such as American International Group Inc. may decline because claims stemming from the attacks will curb earnings. Defense contractors, including Lockheed Martin Corp. and Raytheon Co., may gain. The U.S. government said it is allocating $20 billion to combat terrorism. Drugmakers like Pfizer Corp. may gain because their earnings aren't dependant on the economy. ``We are looking at 5 to 10 percent down'' at the opening, said Rafael Tamargo, director of equity research at Wilmington Trust Co., which manages $25 billion. He cited declines this week in European and Asian markets as a yardstick. quote.bloomberg.com