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I couldn't agree more. Well said Earl.
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, September 12, 2001 10:14 AM
Subject: Re: [RT] 3% factor
> When the markets reopen, we may very well see another 3% factor event. I
> suspect we will see unparalleled determination on the part of the US
> Government to avoid a financial meltdown ... not only through direct
market
> operations but through exhortation of major companies to support their
> stocks with repurchase operations. It will quite likely take several weeks
> for markets to find their natural levels which will quite likely be lower
> considering earnings pre-announcements, loss of consumer confidence, and
> losses in economic activities.
>
> Earl
>
> ----- Original Message -----
> From: "Ira Tunik" <irat@xxxxxxxxx>
> To: "realtraders" <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, September 11, 2001 8:58 AM
> Subject: [RT] 3% factor
>
>
> > Some have asked in the past what the 3% factor is. What happened in NY
> > and DC this morning would be classified as a 3% factor event.
>
>
>
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