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NYSE soon got back to work, but
doing more selling than buying |
A lot of equity fund managers, on both sides of the
Atlantic, will have seen nothing like it before in their careers.
Anyone working in the markets from the early 1990s onwards
experienced a huge bull run. Apart from the odd blip, markets kept
going upwards. The S&P, Dow Jones and FTSE indices all hit
record levels, and Nasdaq was a law unto itself.
Then came the bursting of the tech bubble and increased
volatility. However, in the wake of the terrorist attacks on New
York and Washington, volatility has taken on a whole new meaning.
Wall Street, closed by the attacks for its longest period since the
Depression, reopened on Monday September 17 and world markets,
always highly concerned with the US, were watching closer than ever
before to see how it would react. Exchanges in Europe and Asia had
kept...
