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Strategies & Market Trends : Aardvark Adventures -- Ignore unavailable to you. Want to Upgrade?

To: ~digs who wrote (1466)	9/9/2005 2:25:06 AM
From: ~digs	Read Replies (2) \| Respond to of 7944

Forget most of what you are reading about the post-Katrina recovery. This is an unprecedented U.S. disaster that will have repercussions - around the global economy, but most especially domestically. A major American city has been all but wiped off the map, taking the country’s largest port with it. To put this into context, the costs for rebuilding New Orleans after Katrina will exceed those of rebuilding Chicago after the great fire, San Francisco after the 1906 earthquake, and New York and D.C. after September 11th - combined. bigpicture.typepad.com the market’s impressive resilience in the face of such adversity is not historically unprecedented. When the great San Francisco earthquake hit, it took markets several weeks to register the colossal costs and impact. So too, the market all but ignored the 1973 Arab Oil Embargo of the U.S. For two weeks, US stock markets actually traded sideways, before recognizing what the enormity of what the embargo meant to the U.S.