GoAmerica
Mar 17 2003, 10:17 PM
One would expect investors to keel over on the NYSE floor & sell like their was no tomorrow but instead the DOW ended UP 281 points! I can understand why Lockheed/Martin (LMT) & Northrop (NOC) to be up high because they are Defense-Contracted but other stocks i'd expect would crash.
Questions for the board:
1. Why did the stocks rocket instead of bomb?
2. What will stocks do during the war?
Izdaari
Mar 18 2003, 12:00 AM
It's the end of the uncertainty. The war was expected, but the suspense was what the market hated. If the war goes well, the market will do just fine, except of course for non-war related reasons.
GoAmerica
Mar 20 2003, 03:10 AM
To answer my own question on how the economy will do DURING the war is that if people are so bored, they will stay in their homes & watch the news all month & not spend anything except for pizza take-out & chinese
take-out
Rancid Uncle
Mar 20 2003, 04:02 AM
mmm... Chinese food. I don't think the war will keep people in their homes at all.
[QUOTE
It's the end of the uncertainty. The war was expected, but the suspense was what the market hated. [/QUOTE]
Exactly!
unabomber
Mar 20 2003, 12:17 PM
or it is the plunge protection team making war appear good for the economy. I would wait a week or so to make any judgments, as the actual war started today (03/19-03/20) within a few weeks, the DJIA will bomb again, the economy is in the crapper. in fact, if you look at the stock market info for 1929 it is errily similar to today.
this is what happens: we gained almost 400 points these last few days (it has slowed considerably since monday) now say by the end of the week we gained a total of 550 points, and over the course of next week we lose 560 points. that is really only a lose of ten points, but over time small losses like that add up. and we slowly creep from 7800, to 6800 and noone really notices til it is too late. this is what caused the crash of 1929: the market slowly lost lots of value, people noticed, but a little late, and everyone tried to pull all their money out. this point a massive strain on the banks and such and theydidn't have money for everyone, andhad to all declare bankruptcy.
the service economy is non-sustainable, and will lead to our downfall.
stotty203
Mar 20 2003, 03:47 PM
QUOTE(unabomber @ Mar 20 2003, 07:17 AM)
the service economy is non-sustainable, and will lead to our downfall.
What exactly do you mean by that?
Juber3
Mar 28 2003, 01:41 PM
QUOTE(goamerica @ Mar 17 2003, 05:17 PM)
One would expect investors to keel over on the NYSE floor & sell like their was no tomorrow but instead the DOW ended UP 281 points! I can understand why Lockheed/Martin (LMT) & Northrop (NOC) to be up high because they are Defense-Contracted but other stocks i'd expect would crash.
Questions for the board:
1. Why did the stocks rocket instead of bomb?
2. What will stocks do during the war?
1. Stocks rocketed because we are in a war. Basically in most wars stocks rally instead of fall
2. The reason it did not fall on 9/11 is because the war started on AMERICAN soil.
Im not a magician i dont know what theyll do
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