Forum Archive Index - September 2001

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

>
> Jesse wrote:
> 
>>I hope sharechatters don't have too many long positions
>>in US, or if you do, they are in companies  like Raytheon
>>(build cruise missiles). Futures had the nasdaq down 30
>>odd points before closing.  Fear is a stronger emotion
>>than greed and there will be an emotional response in the
>>US markets when they re-open, more than likely.
>>Financially speaking, the events this morning offer an
>>opportunity,  but be patient.
>
>
>Brian Brackenbridghe wrote:
> 
>(Jesse) I wonder if you really considered what you were writing in
>light of the catastrophic suffering that is unfolding in New York. I
>wonder if you thought of the patience of the people in wheel chairs
>in the upper floors who had to be abandoned by their fleeing
>co-workers and who had to sit and wait to die. I wonder if you
>thought of the patience of those who are waiting to hear if they
>will ever see family and friends who were caught up in this tragedy.
>  
>There is some irony in your statement that  "Fear is a stronger
>emotion than greed". I suggest that in your case greed is a stronger
>emotion than compassion. I would like to think that greed has
>temporarily clouded you emotion and that maybe you will find a
>little space for compassion. 
> 
>
Brian, I think that under shock all of us have said things that we 
have perhaps not properly thought through.  I think that your remark 
based on what Jesse wrote at the time the whole thing was breaking 
news is perhaps a little harsh.

I, myself, through a local broker have recently purchased some shares 
via "Morgan Stanley Dean Witter" who were a tenant in the Twin 
Towers.   I get no pleasure from the thought that the people who 
completed this transaction for me are most probably dead.

Jesse's post is irrational in the sense that the US economy is not 
going to collapse.   I can understand the natural compassion that can 
can overwhelm people like yourself when confronted with a disaster of 
this magnitude.  But I do not think that it is appropriate that the 
associated anger is directed at other members of this forum.

Meanwhile perhaps you might reflect that your own implication: "that 
people should forget about the financial markets completely while the 
human compassion stories unfold" is exactly what the terroists want 
to happen. 
SNOOPY


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