Forum Archive Index - September 2001

["Ben Dutton" <bendutton@sharechat.co.nz>]

Nick - I was thinking exactly the same thing myself.  If the US markets open again on Friday or maybe Monday (as has been mooted) perhaps investors will have had time to mull the events over and treat the re-opening of the markets "rationally" - there could even be a rally.

 

It really depends on events over the next couple of days.  If the investigation in finding the perpetrators proves fruitful then investors may think the potential of any future terrorist strikes may be averted - a plus for the market as it removes any uncertainty. 

 

However, if the investigation bogs down and/or some form of military action occurs then it will be a negative for the market.  It was reported on CNN.com that Defence Secretary Donald Rumsfeld said in a taped message to U.S. troops: "More -- much more -- will be asked of you in the weeks and months ahead. This is especially true of those who are in the field." - a reference to some potential future conflict.

 

We'll watch and wait.

 

Ben Dutton

 

 

 

----- Original Message -----

From: nick

To: sharechat@sharechat.co.nz

Sent: Thursday, September 13, 2001 2:39 PM

Subject: Re: : [sharechat] US events

        Will be interesting to see how wall street will respond to

recent events.  We could be in for a suprise and actually see

a rally.  The dow has been beaten down badly in recent weeks

and the terrorists could not of chosen a better time to strike if

sending jitters through markets was part of the plan.

       However, any panic would give a win to the terrorists,

we may see investors dig in their heels and refuse to sell,

this tragedy may have the effect of uniting investors, who are

already being urged not to sell.

     

 Nick