Wednesday, October 1, 2008

Some sweating, but local investors not panic-stricken

Local investors might be sweating a bit, but they apparently are not selling much in the face of Monday's drop in the national stock markets. (Snip) Most of the downdraft appears to be coming from institutional investors and other big traders, rather than individuals, Heck said.

"It still seems like it's more .... professional than it is our clients on the street,"
READ MORE[not to say 'no worries'; there's serious risk and there will be pain - but ignoring morality {pity how often we need do that}, how much will such pain be needlessly magnified by an apocalyptic press and will government interference help mitigate the pain or only prolong it {as history suggests}? As a friend recently said, when he thinks of the impact to his children his view on the bail out changes...]
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