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The 10-Year Anniversary of 9/11

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A look back is meaningless... Without also looking forward.

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A look back is meaningless...
Without also looking forward. Five years ago the financial world's paradigm was shifted in ways that transcend geographical boundaries, superpowers and economic threats. Much of what we generally thought to be "true" was only a fading snapshot of history. Which truths of today will still exist five years from now?

Times change... And people adapt to change. Minyan Mike Santoli does an excellent job this week describing transformations to the financial industry since 9/11. Capitalism is collectively reflective of its participants: Real people, driven by a human spirit that is nothing if not capable of adapting. As some try to transform the world to reflect their visions of the past, they will be met constantly by those with visions of the future.

Look back... And look ahead. 9/11's trading session begins appropriately with the NYSE's moment of silence in remembrance of the event. Many will remember the innocents lost that day and since, and their loved ones left behind. Then the financial world will go about its daily business. Monday's opening bell is not also a closing bell on remembering 9/11. Every day is another opportunity to cherish where we have been and where we are, and to make the best for where we are going.

The comments above are included simultaneously in AvidTrader's monthly newsletter.

No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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