Monday, September 17, 2001

Stock market very important today

<A HREF="http://forbes.com/markets/2001/09/17/0917topnews.html">Forbes.com</A> says that today may be the most important day in the history of Wall Street. Normally, stock exchanges are significant because they facilitate the formation of capital. But their day-to-day gyrations, except for short-term speculation, are of largely symbolic consequence.

Today, symbolism is vitally important. If the markets show faith and rise up in the face of adversity, it will mean an important psychological boost to the nation, New York City, and the economy. History suggests it will happen.

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