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"The airline industry is the engine of our economy..."
?? What do you mean by this? As far as I know, the airline industry has
a long history of failure as an industry, which would imply economically
there is a serious question of the extent to which they add value.
Regards
DanG
Dorothy Carter wrote:
>
> Many try to compare how the market will respond to prior tragic events.....
> In my opinion what this tragedy does is exacerbate the trend and deepen the
> recession/depression cycle that we are already in. The economists will be
> hard pressed after this to continue to spin and parrot each other's claim
> that we are not in recession and that we will continue to have positive GDP
> and turn around anytime soon. The airline industry is the engine of our
> economy and it is all but devastated by this tragedy. Even if the govt
> gives money to airlines there are many people who will never fly again and
> the corporations will start using video conferencing with interactive
> internet hook ups ... it's safer and cheaper in this kind of economy. Those
> that believe in cycles can see that when the bigger cycles are all pointing
> up and a smaller one turns down short term you get a correction.. when many
> of the larger bigger cycles are all turning down and you have something
> like this happen along with war that is likely to effect energy prices....
> it spells disaster
> I would guess that the govt is orchestrating an attempt to keep the market
> up or at a minimum from unraveling Monday morning....but I don't believe
> that any amount of manipulation or short term flooding market with money can
> change the long term trend.
> ----- Original Message -----
> From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Saturday, September 15, 2001 10:53 PM
> Subject: Re: [RT] show your colors/ Oil
>
> >
> > Thanks Dorothy,
> >
> > Our collective tragedy is several orders of magnitude outside any norm we
> > are familiar with, the energy is palpable, and normal. I am quite curious
> > about the coming week's activity. We entered an era when the financial
> > markets are not the biggest story of the day, and when the outcome of the
> > biggest story of the day will move the markets. Perhaps the dog will go
> back
> > to wagging the tail.
> >
> > ;-)
> >
> >
> > Michael
> >
> >
> > > Michael.. this group stands no chance with an Alaskan and an ex-Alaskan
> > > whose heart is still in Alaska making posts..... :-) I'm sure that we
> > all
> > > will be glad come Monday when I for one hope this thread will go back to
> > > "market tradable posts"..........
> > >
> >
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
> >
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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