Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (40478)	9/16/2001 6:44:35 PM
From: yard_man	Read Replies (1) \| Respond to of 50167

if true, of course, it is a very serious matter, but I would wait for proof. You need to view what comes in initial reports like this with a healthy does of skepticism -- policy makers are pulling out the stops top support the markets right now. I'd say wait for proof -- the insurers have suffered terrible losses -- they have to have "disaster scenarios" in their calculations -- on average they make a ton of money. This may be a "single-sigma" event ... Some logic is lacking in the article -- the idea that the stock was dropping beforehand for instance -- shorts don't drive stocks down. people who have long positions and sell do -- the only way what is reported there makes sense is if someone saw someone taking a rather large short position and got wind of it -- then liquidated their long position. Wait for the proof before you accept such reports in the emotion of the moment is all I am saying.