The market is more skittish than it has ever been. Upsand downs of hundreds of points daily have become common occurrences. The slightest news causes ecstasy or panic. There is very little reflection, very little tempered reaction. Many say the volatility that we are becoming used to is the result of the spread of technology and the speed with which herd behavior happens. Whatever the reasons, we are in dangerous times where the herd can literally take the market and the economy down significantly. It is a hell of a time to be rounding the corner of the 6th anniversary of 9/11.
If you think back days or weeks to the kind of news that caused panic in the markets or, conversely, that spiked hope you quickly realize how little it takes to turn the tide and to push the indices to new lows and new highs. This kind of behavior and volatility couldn't be coming at a worse time. I just hope Osama and company keep busy in
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jonathan
September 09, 2007
We all need to be on our toes next week. The market will continue to be quite volatile regardless, but this concern is real and could really rock things.
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I doubt that Sept 11 will have any impact
September 10, 2007
In 2001, it was a shock ... now we have become used to it. The war in Afghanistan and in Iraq and terror attacks in Britain and recent foiling of a plot in Germany. We see it everyday now ... knowing well that if markets recovered from the 2001 shock, they would do it again.
When London's buses were targetted by terrorists, the markets barely moved - shot down when the news broke, then recovered by end of day.
We have become used to the fact that we live in a different world.
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