dex
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- Joined
- Oct 28, 2003
- Messages
- 5,105
All this talk about stock market depressions, deflation, and austerity got me thinking.
Remember all the talk after 9/11 and how that date was a life changer for the many in the USA (I'm talking general population here).
Here are a couple of examples.
Many Americans Still Feeling Effects of September 11th; Are Reexamining Their Priorities in Life
"The survey also finds that Americans are reexamining their lives in light of the events on September 11th.
"and experienced a change in how they want to live their lives with a focus on living life to the fullest."
There may have been some that changed but I haven't seen an identifiable mass movement as a result of the 9/11 attacks.
If you wanted to be cynical you would say that Americans decided after their period of reflection that they would shop and buy a big house to put the stuff in.
+++++
So what lessons does 9/11 tell us about this stock market.
Now people are fearful, looking for answers and being reflective.
When the fear ends they will go back to buying - stocks/bonds and the next bubble item.
Remember all the talk after 9/11 and how that date was a life changer for the many in the USA (I'm talking general population here).
Here are a couple of examples.
Many Americans Still Feeling Effects of September 11th; Are Reexamining Their Priorities in Life
"The survey also finds that Americans are reexamining their lives in light of the events on September 11th.
- More than three-quarters of Americans (77 percent) agree that they have tried to simplify their lives and focus more on what really matters.
- Seventy-one percent of Americans report having spent more time trying to gain perspective on their lives."
"and experienced a change in how they want to live their lives with a focus on living life to the fullest."
There may have been some that changed but I haven't seen an identifiable mass movement as a result of the 9/11 attacks.
If you wanted to be cynical you would say that Americans decided after their period of reflection that they would shop and buy a big house to put the stuff in.
+++++
So what lessons does 9/11 tell us about this stock market.
Now people are fearful, looking for answers and being reflective.
When the fear ends they will go back to buying - stocks/bonds and the next bubble item.