Posted on 07/05/2002 8:16:55 AM PDT by SamBees
The Dow is way up and rising! Looks like we made it through some highly emotional times where people were worried about a terrorist strike, and nothing happened. Now, though jobless rates are up just a tiny amount, even the NASDAQ is up sharply today.
It appears that confidence in the future has returned to the markets.
Could it be that the administration has done such a fine job of watching over the country that we now have everything under control? Of course, if we did something about our wide open southern border, our securty would be much higher, but it appears that someone does not want to offend the Mexicans, so our backdoor remains unlocked.
Aside from that obvious problem, Bush seems to have kept everything under control, and terrorists have not been able to hit us with another attack.
I don't know about you, but I'm in the mood to BUY! Let's see, IBM? Lucent? HP? Hmmmmmm, maybe Exxon, too! Or, with the new mood of confidence, Pfizer may need to make much more Viagra! Let me see...whats Pfizer's symbol....
The stock market is not based on peoples emotions and perceived value, but on the true value of U.S. corporations.
What a crock!
/sarcasm off
I just looked at Lucent and had no idea it was so cheap. The great minds of Bell Labs are all still at Lucent, so Im going to bet that its a great buy for the future.
I used to own a bunch of Compaq, but no more! HEHE, had to dump that one.
And the day isn't even over..
I guess the value of companies changed that much since Tuesday, or the markets are fueled by emotion as much as anything else.
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