Remembering 9/11: BobPisani reflects on what he experienced that day and the days that followed.
With that kind of opening, the trading that ensued was anticlimactic. An hour before the markets opened, the Federal Reserve had cut interest rates by a half point, but it didn't seem to make a difference.
No one cared. The market had been closed almost a week, the longest closure since the Great Depression.The invasion of Afghanistan followed three weeks later, on Oct. 7, 2001. Briefly, it looked like the market was recovering. Within a month, the S&P was back to its level prior to 9/11. The government had announced billions of dollars in stimulus. The Federal Reserve had cut interest rates dramatically.
The summer of 2002 was a disaster. The S&P 500 dropped more than 20% in June and July. It didn't bottom until October.Chris Hondros | Getty ImagesFor those of us who lived and worked downtown, the markets were not the major issue.
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