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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: orkrious who wrote (4851)	11/12/2001 1:04:24 PM
From: pompsander	Read Replies (1) \| Respond to of 99280

Part of what the market is showing today is that we have absorbed events of this type into our daily expectations. By this I mean the events are terribly tragic, but we now accept this form of tragedy as "acceptable" in our outlooks. The analogy made several weeks ago to our present state of affaris to the ongoing terrorist events in Britain relating to Northern Ireland is apt. For years the British managed to assimilate a level of risk and social uncertainty in their daily lives. Business went on. I think we are in that stage now. While this may sound callous, it is the economy from now on. The markets have accepted terrorism as a risk and discounted it accordingly. While today's events may not even be related to our current terrorism problems, the chance that they are is factored in to the market's reaction, I think.