Quote:
Originally Posted by FOG
Tabs,
I My perception that a lot that was caused by knee jerk reaction from both media and Wall street types.
Last Christmas I attended a dinner with some Wall street types and a similar discussion came about. My question was what real (vice psychological) damage was done and how much was over people (media, talking heads, etc.) causing a panic? I can see their point that perception is reality but I only buy that for a little bit.
S/F, FOG
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It was over lunch during 911 week that it was explained to me about how a run on Stocks could dry liquidity up. The explainer operates on the same plain of expertise as Allan Greenspan and is also connected to the RNC.