Date: Thu, 27 Sep 2001 21:07:26 -0400 From: Technical Information <tech_info@threespace.com> To: FreeBSD Chat <chat@freebsd.org> Subject: Re: helping victims of terror Message-ID: <4.3.2.7.2.20010927204604.029b1f28@threespace.com> In-Reply-To: <3BB3A3A5.AC6E10AE@outpost.co.nz> References: <20010927192517.AAA2063@shell.webmaster.com@whenever> <20010927205547.B69066@lpt.ens.fr> <20010927192517.AAA2063@shell.webmaster.com@whenever> <4.3.2.7.2.20010927171200.0181fef0@threespace.com>
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And thinking that a particular system is best equates with thinking that it's flawless? The only thing I could find on CNN from that day was at: http://cnnfn.cnn.com/2001/09/17/news/v_grasso/index.htm which is an interview with Grasso, the NYSE head. And it's not as strong in tone as you indicated, so I guess that's not what you're referring to. What you heard may have been rhetoric designed to *prevent* irrational investor behavior. Personally, I think that the stock market does do a damn good job when analyzed over the long term. Short-term analyses can be skewed in either direction, but the long-term principles remain sound. And I hardly think that the market drop of September 17th was caused by "irrational" fears. This country (and many others doing business with it) were hurt significantly by the attacks in the previous week, and the domino effect caused a lot of economic problems for the foreseeable future that will no doubt be corrected, but it will take some time. --Chip Morton At 06:09 PM 9/27/2001, you wrote: >Lou Dobbs. > >The day the NYSE re-opened after the 11th, Lou prattled on endlessly (on >CNN) about how "The Free Market" (and particularly the Stock Market) was >the most accurate, rational, sensible system in the known universe for >pricing the value of a company & a country - all while the DOW had its >biggest one day fall in history due to irrational investor fears about >nearly everything. > >It was like a black Hollywood parody, except he was dead serious. > > -- C. >-- >Craig Harding crh@outpost.co.nz ICQ# 26701833 > Outpost Digital Media Ltd http://www.outpost.co.nz > >To Unsubscribe: send mail to majordomo@FreeBSD.org >with "unsubscribe freebsd-chat" in the body of the message To Unsubscribe: send mail to majordomo@FreeBSD.org with "unsubscribe freebsd-chat" in the body of the message
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