<<Zeev, I believe you vastly underestimate the public's perception that 9-11 was a once-in-a-lifetime exogenuous event that precipitated unreasonable market losses on a short term basis. >>
Another way of looking at this is the current state of the markets is the direct result of the events on 9-11. Sad to say but the terrorists are winning and Bush is letting them get the upper hand. They are the root of todays confusion and market skiddishness.
They set in motion a spiral down that resulted in an undermining of the 401k wealth of a few generations. The media refuses to pick this up or air it as a possibility.
It will be if the final market extremes are understood as terrorist risk.
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