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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (8468)	9/21/2001 5:02:49 PM
From: chowder	Read Replies (4) \| Respond to of 23153

Scott, I'd like to thank you for all of the updates and links you have provided. I know you have saved me some time and I'm sure the time of others. Thanks! With regard to the markets, I believe the terrorist attacks only increased the speed at which the negative results would have come out. The market was in a downtrend prior to the attacks and would have continued that downtrend without them. The world economies were already melting on their own. Most companies seized the moment, as callous as it seems, to break the bad news about their outlook. The bad news would have leaked out, bit by bit, and day by day, but the tragedy allowed these companies to throw the bad news out all at once and get it over with. I think you'll see lots of people blaming the WTC situation for their poor performance. They weren't performing anyway, neither was the market. The WTC tragedy only made those who normally don't follow the market closely, to stand up and take notice. They would have done that in a few weeks when mutual fund statements were sent out. So in my opinion, the WTC tragedy only brought the bad news out sooner. Again, thanks for your contributions. dabum