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This is not like Pearl Harbor, the assassination of Kennedy or the Golf or
Korean wars. Not even like Vietnam. There will not be complete mobilization of
the manufacturing sector to a war time production of tanks, planes and other
armaments. There is no loss of leadership, if you can call it that, and there
will not be a state of war either hot or cold declared. The effects on the
markets could be good or bad. Those who have unhedged positions can worry for a
couple of days until they reopen the markets. Could this be like '87 when
liquidity was pumped into the markets to such an extent that the markets rallied
until the bubble top.
Norman Winski wrote:
> CM,
>
> DJIA circa Dec. 7, 1941 was approx. 112. DJIA then declined to 106.34
> during following two weeks. Market then rallied to 114.50 first week of Jan.
> 1942. Market then steadily declines to major 1942 low to 92.92 cica May 3.
> This was the lowest retest of the 1932 low and the beginning of the 1942 -
> 1966 Bull Market. As you can see, one can make a reasonable arguement that
> the market dropped about 6% during the two weeks following the attack on
> Pearl Harbor. However, it would be difficult to attribute any further
> declines to be coincidental with Pearl Harbor.
>
> Surprisingly,
>
> Norman
> ----- Original Message -----
> From: "charles meyer" <chmeyer@xxxxxxxx>
> To: "REAL TRADERS" <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, September 11, 2001 2:30 PM
> Subject: [RT] GEN: 3% FACTOR
>
> > In 'eyeballing' an old chart can someone verify that the markets tanked
> > approximately 40% after the bombing of Pearl Harbor; and over a time
> > period of about eight months? The scale on the chart is based on square
> > root. Noticed that the foreign markets are down as much as 7%.
> >
> > Chas
> >
> >
> >
> > To unsubscribe from this group, send an email to:
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> >
> >
> >
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> >
> >
>
>
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