FWD: help prevent stock fallout >>>
09-14-2001, 09:47 AM
#1
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FWD: help prevent stock fallout >>>
Some economists may be able to give advise as to whether this will help or not, but it seems like a good idea. True? Not true?
__________________________________
I have a thought....
Let us show the terrorists that, by destroying the World Trade Center, they
have not defeated American capitalism, freedom, and our way of life.
Do not "sell" any of your stock holdings...but rather "buy" a stock of your
choice every day next week. It doesn't need to be a big purchase...simply a purchase. If everyone does this, the message will be clear. The world is
expecting the stock market to crash on Monday. Let us make it not so...and
in our own way continue to show the world that we have not lost the "spirit"
that has made our country so great.
Who knows, maybe we can use this tragedy to
pull this country out of the recession.
Best regards,
__________________________________
I have a thought....
Let us show the terrorists that, by destroying the World Trade Center, they
have not defeated American capitalism, freedom, and our way of life.
Do not "sell" any of your stock holdings...but rather "buy" a stock of your
choice every day next week. It doesn't need to be a big purchase...simply a purchase. If everyone does this, the message will be clear. The world is
expecting the stock market to crash on Monday. Let us make it not so...and
in our own way continue to show the world that we have not lost the "spirit"
that has made our country so great.
Who knows, maybe we can use this tragedy to
pull this country out of the recession.
Best regards,
09-14-2001, 10:37 AM
#3
Eighth Member of AudiWorld. God-like, glorious and all-knowing.
I am not expecting a crash. I hope I'm not wrong, but we might get a rally. I remember...
Back in 1991, the public was scared to death about the prospects of a war in the Persian Gulf. Everyone (me included) was sure that the market was going to tank once the bullets started flying.
However, the market will usually do whatever is necessary to make most people wrong most of the time. Just about everyone was shocked that when the war actually started, on 01-17-91, the market rallied 4.6% that day.
Pretty much NO ONE saw this coming. The economic climate was poor, and now we were being dragged into a mid-east war. By March, the market had rallied over 20% during a period that everybody was predicting doom and gloom.
So we may well have a selloff, to some degree, on Monday. However, don't be too surprised if the climate for equities improves shortly thereafter.
However, the market will usually do whatever is necessary to make most people wrong most of the time. Just about everyone was shocked that when the war actually started, on 01-17-91, the market rallied 4.6% that day.
Pretty much NO ONE saw this coming. The economic climate was poor, and now we were being dragged into a mid-east war. By March, the market had rallied over 20% during a period that everybody was predicting doom and gloom.
So we may well have a selloff, to some degree, on Monday. However, don't be too surprised if the climate for equities improves shortly thereafter.
09-14-2001, 11:14 AM
#4
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Previous crises and their effect on the market.
History - Although Tuesday's events are unprecedented in our history, we can look back at a series of American crisis and their recovery
Crisis Start of Crisis Initial Decline Next 4 Days
Korea War 6/26/50 -4.6% -2.2%
Suez Crisis 10/31/56 -1.4% 2.4%
Cuba Crisis 10/23/62 -1.9% 3.8%
Kennedy Assassination 11/22/63 -2.9% 5.7%
Obviously, the market is very different now than in the 50's and 60's, but it gives you a sense of the market's reaction to several severe crises.
Just some info.
Crisis Start of Crisis Initial Decline Next 4 Days
Korea War 6/26/50 -4.6% -2.2%
Suez Crisis 10/31/56 -1.4% 2.4%
Cuba Crisis 10/23/62 -1.9% 3.8%
Kennedy Assassination 11/22/63 -2.9% 5.7%
Obviously, the market is very different now than in the 50's and 60's, but it gives you a sense of the market's reaction to several severe crises.
Just some info.
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09-14-2001, 04:58 PM
#8
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HRS might be worth a look too....They are a DOD contractor, and I regularly see at least 2....
TT's in their parking lot! A BB coupe and a RB coupe. Oops, what a giveaway :-)
09-15-2001, 06:36 AM
#9
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Suspect major tech selloffs, plus dumping of anything airline related...
The tech sector isn't going to turn around anytime soon, not now.
Also, the <A HREF="http://cnnfn.cnn.com/2001/09/14/travelcenter/airlines/">latest report</A> is that even the major airlines are going to require government bailouts to keep going because frankly, no one's buying plane tickets anymore. If airline traffic doesn't pick up in the next 30 days, all US airlines may be bankrupt... :-(
IMHO, all the fear mongering and even pondering what effect this will have on <b>consumer</b> spending is silly, but I don't see a lot of money being poured into the market anytime soon either...
Also, the <A HREF="http://cnnfn.cnn.com/2001/09/14/travelcenter/airlines/">latest report</A> is that even the major airlines are going to require government bailouts to keep going because frankly, no one's buying plane tickets anymore. If airline traffic doesn't pick up in the next 30 days, all US airlines may be bankrupt... :-(
IMHO, all the fear mongering and even pondering what effect this will have on <b>consumer</b> spending is silly, but I don't see a lot of money being poured into the market anytime soon either...
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