I am more concerned with
my money being returned than
the return on my money.
—Mark Twain}
The Shock
MarketW
hat transpired on Wall Street on September 15, 2008, is one
day for the history books. I had predicted this would hap-
pen about two years ago and again about eight months ago when
I appeared on Neal Cavuto’s show. That the landscape of Wall
Street could be altered this rapidly is something we should think
about. September 15, 2008, was the worst day on Wall Street since
right after the 9/11 attacks, with a fallout of some financial giants
that we thought were untouchable.
Here’s my view of this situation. We survived and prospered
after 9/11, and we will do the same this time. The components
are different, but I believe the government is doing the right
thing with this financial mess. They have worked hard and long,
but a mess is a mess. I won’t equivocate on that. I saw the indi-
cations that the world was in for a tough period of time, so I can’t
say I’m terribly surprised.