The terrorist attacks in New York and Washington have dramatically altered our lives in almost every aspect. The trauma, the shock, the anger was quickly replaced with a mental and physical anguish which after two weeks replaced with a numbness of lives lost and friends long gone. Not only were the markets affected, but also the daily lives of one and all forever changed. The movement in the tech area was a catalyst for the tech area as a whole to move sharply higher.
Markets don t move in a one way street all the time.
Over the coming weeks there will be down days as well as up days depending on key economic data and the all-important Q3 earnings. The all-important 800lb. Employment data tomorrow while important will, I believe, have mixed impact. The survey week September 9-15 will not have the complete effects of the later part of September. The full impact of the casualties, the newly laid off airline employees and other lay offs due to the reduction in commerce will only impact to a large degree the October employment data.