Frida Kahlo paintings
Frederick Carl Frieseke paintings
And without doubt, the horrific images the world has seen over and over again will weigh on the minds of those that help move $90 billion worth of shares a day. Indeed, brief market downturns often follow catastrophic events. In the wake of the attack on Pearl Harbor, the Dow Jones Industrial Average dropped 6.5 percent, while the average plummeted 17.9 percent after the Arab oil embargo in 1973. "There is obviously a movement downward and probably will continue for a while," says Robert Hormatz, vice chairman of Goldman Sachs. "But after a point, people are going to see buying opportunities and will then start buying. What that occurs is awfully hard to predict." Before the UnthinkableAll the same, a growing number of analysts and economists are anticipating a pickup in economic activity as New York and Washington rebuild from
Wednesday, July 16, 2008
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