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-   General Conversation Archives (11/2000 - 01/2005) (http://www.ironworksforum.com/forum/forumdisplay.php?f=28)
-   -   US (global?) economy outlook (http://www.ironworksforum.com/forum/showthread.php?t=70045)

Avatar 09-11-2001 10:39 AM

In light of today's events, where do you see the economy heading? I say pear shaped (bad). If this attack happened 24 hours earlier then it would be banana shaped (very bad). Yesterday the FTSE100 fell below 5000 for the 1st time in 3 years.

P.S. Apples and Cherries are good. So are Plums. Pears are just funny http://www.ironworksforum.com/ubb/no...iles/smile.gif

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Ziroc 09-11-2001 10:51 AM

They will 'freeze' the market so everything will be ok. I am sure they have a 'backup' stock market.. I hope


Another plane just crashed in Pittsburg -- don't know where in Pitt.. also Fighter planes are flying cover over Washington.

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Avatar 09-11-2001 10:52 AM

Really?? Maybe Freezing is a good idea, as panic selling is definitely very pinapple (awful)

DEADMAN 09-11-2001 02:55 PM

Theres an exchange in L.A. everyone just forgets about it.

Blade 09-11-2001 03:02 PM

The stock markets are closed untill monday i believe.

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Mirac Honorguard 09-11-2001 03:11 PM

Well, I certainly don't hope that the economic market is gonna collapse. I think they've got a back-up. Would have been smart anyway

MagiK 09-11-2001 03:22 PM

The Stock Exchange is located very near the WTC right around the block I think. It will take several days to get the Disaster Recovery plans into motion and then the exchange will come back up (in a day or two I would think)

What will happen at first when the exchange opens up is a bunch of paniced investors will sell and make a run on the bank, then the smarter calmer people SHOULD have a field day buying at record lows....Rick Edleman posted this here in DC as what he thought would happen to the market.

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