What the f*** does Nasdaq returns show anything? Stock markets go up and down, with or without terrorism. 9/11 only caused a temporary blip in the stock market. Write down a model and back up with data what you are trying to show, which I am still not sure of.
I must have struck a nerve. And yes as I indicated the chart of the Nas does not even recognize Bin Ladin. The market is the product of social mood. The difference according to the reasoned approach by Robert Prechter is "The Financial/Economic Dichotomy' on the Stark difference between the Law of Supply and Demand, which causes equilibrium in prices for utilitarian goods and services, and the Law of Patterned Herding, which causes dynamism in prices for financial instruments. In economics higher prices deter buying, in finance, higher prices seem to attract buying." So the Nasdaq indicates social mood. It improved after 9-11 because folks could attach a reason to their already felt misery.
Further, the links to my home page merely project trends that have been in place for decades, into the future. If you believe that these trends could not continue at present rates, I would agree, and sadly, that will be our undoing.
I must have struck a nerve. And yes as I indicated the chart of the Nas does not even recognize Bin Ladin. The market is the product of social mood. The difference according to the reasoned approach by Robert Prechter is "The Financial/Economic Dichotomy' on the Stark difference between the Law of Supply and Demand, which causes equilibrium in prices for utilitarian goods and services, and the Law of Patterned Herding, which causes dynamism in prices for financial instruments. In economics higher prices deter buying, in finance, higher prices seem to attract buying." So the Nasdaq indicates social mood. It improved after 9-11 because folks could attach a reason to their already felt misery.
Further, the links to my home page merely project trends that have been in place for decades, into the future. If you believe that these trends could not continue at present rates, I would agree, and sadly, that will be our undoing.