Why are we selling stocks now when it is time to buy?
Why is it that YESTERDAY the CEO of Boeing announced the layoffs for 2002?
Why the heck can't you wait until next year to announce?????? arrrrrrggggggghhhhhhh
Why is it that Hong Kong (HSI) and Japan stock indexes are up respectively at +250.25 & +259.72 while Dow Jones (DJIA) and NASDAQ are in the red zone since Monday?
Yea, someone is making money when they are buying now. It might be a long term deal but it is the smart ones who are going to gain.
WISE up AMERICANS!
By Anonymous on Sunday, September 23, 2001 - 07:26 pm:
What can we learn from history?
Disasters don't have a lasting impact on stocks
By Jason Zweig
September 21, 2001: 7:07 p.m. ET
NEW YORK (Money) - There is no direct precedent whatsoever for the horror of Sept. 11. But lesser disasters have struck America's financial markets before, and a look back can help us look forward more clearly and calmly.
On Sept. 16, 1920, an anarchist set off a bomb in a horse-drawn wagon parked across Wall Street from the headquarters of J.P. Morgan & Co. His objective was probably to disrupt the federal transfer of more than $900 million worth of gold ingots (some $8 billion in today's money) and steal the gold. The blast killed 40 people and injured more than 300, sending severed heads and arms flying through windows and landing on ledges.
At the time, it was probably the deadliest terrorist act on record. The New York Stock Exchange immediately shut down. But when trading resumed the next day, stocks actually rose 1.5 percent, and the bombing made no lasting mark on stock prices -- although, to this day, several buildings on Wall Street bear the pockmarks from that explosion. (The anarchist did not get any of the gold, nor was he ever tracked down. The crime remains unsolved.)
The Japanese bombing of Pearl Harbor, the last time that U.S. territory was attacked by foreign enemies, sent stocks tumbling by 4.4 percent on Monday, Dec. 8, 1941, and another 3.2% on Tuesday, the first two trading sessions after that day of infamy.
But the market quickly stabilized. Except for a drop through the spring of 1942, when Japan appeared to be winning the battle for the Pacific, stocks revived steadily throughout World War II. An investor who bought U.S. blue chips just after Pearl Harbor and held them just until the end of 1945 would have earned more than 25% annually, according to researcher Ibbotson Associates of Chicago. "In general," says finance professor William Schwert of the University of Rochester, "it's remarkable how little impact war has had on U.S. stock prices
In a few months the stocks will go up again and the fools that sold will regret it... Hang on tight to your porfolio.
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