The effect on the financial markets was immediate. As traders reduced their positions, money managers scrambled to unload stocks in companies affected at these unexpected events. The Dow was down 5638 points by mid-day and the lunch crowd on Wall Street was avoiding the sidewalk to escape a steady rain of bodies bouncing off the sidewalks.
Ted Howe, chief investment officer of the investment firm of Dewey, Cheatem and Howe stated on CNBC “this is an unprecedented opportunity to buy some of the best companies at Blue Light Special prices” and explained that he had added to his K-Mart position.
Other analysts took a more cautious approach, recommending the total liquidation of all portfolios with the proceeds to be stuffed securely under the mattress and guarded by Doberman pincers. “You never know when the other shoe is going to drop” one opined.
""The effect on the financial markets was immediate. As traders reduced their positions, money managers scrambled to unload stocks in companies affected at these unexpected events. The Dow was down 5638 points by mid-day and the lunch crowd on Wall Street was avoiding the sidewalk to escape a steady rain of bodies bouncing off the sidewalks. Ted Howe, chief investment officer of the investment firm of Dewey, Cheatem and Howe stated on CNBC “this is an unprecedented opportunity to buy some of the best companies at Blue Light Special prices” and explained that he had added to his K-Mart position. Other analysts took a more cautious approach, recommending the total liquidation of all portfolios with the proceeds to be stuffed securely under the mattress and guarded by Doberman pincers. “You never know when the other shoe is going to drop” one opined. 78 posted on 2/8/02 9:54 AM Pacific by moneyrunner""
R O T F L M A O!!!!