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Listening to this mornings live newsbriefings signs
look encouraging, the americans seem to be
softening their tone slightly,
looks like there is going to be a concerted effort
to clean up terrorism
worldwide, with the support of virtually every
world govt including russia.
However any conventional war is now looking
unlikely, so if the american
market dosent open until monday then there should
be no huge selloff.
I
was suprised that the NZ stock exchange chose to open
immediatly following the attack, it would of been
more prudent if they too
had closed for the day. Fortunatly the market has
not fallen too far and
should recover within the week barring any further
shocks.
Nick
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 -----
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
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