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To: greg s who wrote (145623)10/18/2001 2:07:21 PM
From: chomolungma  Read Replies (3) | Respond to of 186894
 
Hi Greg,

Mr. Market HATES uncertainty, and we've got uncertainty in spades. I would expect the market to mirror our own turbulent emotions until the US and the rest of the world starts to return to some kind of normalcy. The big questions are: What will be the definition of "normal" once the world has returned to some kind of stasis, and how long will it take to reach that point?

There is always uncertainty.

The times when the market seems certain, is the time to take the other side. The market was certain that technology was the path to riches in March 2000.

The old saw that "markets climb a wall of worry," is true because it is usually the very times when the risks are apparent, and hence fully discounted, that markets go up.

I would argue that the world will return to "normal" very quickly and that the fears that we all have will just become part of our lives like when we lived with a constant threat of nuclear war during the years of the Cold War.