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.

Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Yorikke who wrote (4831)	10/10/2001 8:33:40 PM
From: John Pitera	Respond to of 33421

very true comments by Wein and John Lipsky. I had mentioned here a couple of weeks ago that with the Administration and the Congress both saying that this "War" on terrorism, could take years, that they have written a blank check to a Possible new paradigm. In this paradigm, investor fears could see a sustained selling of the US Dollar and US denominated assets, if a real global polarization, or fracturing takes place. "Every new stage of the conflict raises the risk premium. This is very different from the Persian Gulf War in 1991. This is not going to be over in two days." Byron Wien, Morgan Stanley strategist "Risk is something where you can calculate; uncertainty is something where you can’t evaluate odds – and I would say we’re dealing with true uncertainty." John Lipsky, chief economist at JP Morgan Chase