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economic woes worse after 9/11?
Old 02-26-2009, 09:00 PM   #1
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economic woes worse after 9/11?

Was the market this bad after 9/11? It wasn't that long ago, but the media makes this economic situation seem much worse. Is that true?

Instead of getting angry I just LOL. Can't waste time with stupid people.
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Old 02-27-2009, 10:22 AM   #2
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9/11 was a big shock to the market, though market fundamentals were still relatively good. Now there are many fundamental issues, and crystal balls are foggy...

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Old 02-27-2009, 10:24 AM   #3
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Way different. The economy was fundamentally weak at the time of 9/11, but it was clearly in recovery mode by then. I think 9/11 may have delayed the recovery by a few months, but the direction of the fundamentals were "green". Had 9/11 happened a year earlier, that may have changed things.

The fundamentals of the economy today are much worse than at the time of 9/11. How much worse it will get and how much of the ultimate pain is priced in the market today remains to be seen.
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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