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To: stockman_scott who wrote (167135)9/21/2001 10:12:04 AM
From: John Koligman  Read Replies (1) | Respond to of 176387
 
Scott, I admire your position on this and hope you are correct in the long run. In the short run, terror has taken the upper hand. Market damage in dollar terms already far exceeds the physical damage, I hear well north of one trillion dollars has evaporated this week. As for Bob Rubin, he did attend the big economic meeting on the hill earlier this week along with Greenspan. It looks like the market did not take kindly to Greenspan's comment of 'let's wait until we get some numbers before opening up the spigot'. Yep, the VIX is getting into 1987 'crash' territory as I recall.

Best regards,
John



To: stockman_scott who wrote (167135)9/21/2001 5:27:54 PM
From: mepci  Respond to of 176387
 
SS: Markets are not panicking. They are adjusting to the economic situation. Too many people are giving too much credit to the capabilities of the bad guys.
It is easy to be a rogue when you are willing to sacrifice your life. We are taking a lot more precautions than normal. A lot of these precautions will strengthen the world in the long run.


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