9-11 did not set in motion the downward spiral. It was already well underway long before 9-11. That kind of simplistic view may serve some emotional need to blame some person or persons for the current malaise, but it won't serve you very well in analyzing the current forces at work in the economy or the markets.
"They are the root of todays confusion and market skiddishness."
The root was the 90's bubble, not terrorism. Look at a the index charts before 9-11, the markets tanking long before then.
"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."
Tens of trillions of dollars globally have gone to "money heaven" because of the bubble bursting. Tens of billions have been lost because of 9-11. This is not to downplay the lives lost, but financially they just don't compare.
"the current state of the markets is the direct result of the events on 9-11."
"They set in motion a spiral down that resulted in an undermining of the 401k wealth of a few generations."
I think not.
1. Check out the market indexes prior to the attacks. 2. Check out the average P/E ratios. STILL too high. 3. Check into the debt situation. All time highs for personal and government debt. Not pretty.
Don't rewrite this history for yourself that the terrorists caused this collapse we are in now,.. actually they sure caused the bounce following. (NG) Yes, it adds uncertainty to the markets, and some fear. With a little bit of honest to god normal P/E ratios, reduced debt, and even marginally sensible accounting, the market will look attractive -- there's just a lot to shake out between now and then, imo
Impact tomorrow will be from either the "coal miner's bounce" or the bad news from Q... :)
I don't have a link to a below ground "Miner's Bounce", but this link below is a miner when doing the above ground bounce program:
John, if you believe the markets' drop was due to 9-11 and not due to the bubble, you'll stand to lose a boatload of money in the next 9-months when the Dow is sliced in half and the Nasdaq gets under 1000.
I hope you're nimble and not married to your thinking. These events have nothing to do with what's happening. We have 5-years of a bubble to un-do. We're nearly through with half of it price-wise on the SPX and Dow. The last half will be brutal for the general public.
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