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James Cramer
The Making of a Hawk
There is no 'getting over' the events of Sept. 11. We can focus our resolve on its memory, but we can no longer afford the luxury of debating the rights of terrorists or dissenting from the war effort.
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TSC Staff
Sector Analysis: How Key Industries Are Faring, One Year Later
For key industries, Sept. 11 didn't alter the landscape as many predicted it would. It did accelerate trends that were already firmly in place. A sector-by-sector look at defense, security software, storage, "terror" stocks, airlines and lodging.
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Aaron L. Task
Investors Will Lose at Patriot Games
In the attacks' aftermath, many well-meaning pundits and politicans put out the call to Buy American in the stock market. However passionately felt, it was bad advice in an arena dominated by professionals with a fiduciary responsibility to favor their wallet to their heart.
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George Mannes
Faint Glow Alights on a Once-Ashen Wall Street
Even a year later the events of Sept. 11 remain incomprehensible to the denizens of a drastically changed Wall Street. But even as memories of the fearful darkness linger, signs abound that Lower Manhattan will rise again.
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Dave Morrow
What We Saw the Day Time Stood Still
Our staff here at TheStreet.com recalls the day and how it changed their lives.
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James Cramer
Celebrating Bill Meehan
In a year marked by scandal, the example set by this uncompromisingly untainted Wall Streeter stands out in starker contrast.
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Tony Dwyer
Requiem to a Man
The eulogy delivered at Bill Meehan's memorial service portrays the market analyst as a unique, generous spirit who loved life to the fullest.
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Kevin Burke
Broken Bonds
Kevin Burke, a writer at TheStreet.com, lost his brother on Sept. 11. Neither his memories, nor his anger, have faded after a grueling year.
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Matthew Goldstein
Document Chaos Isn't Sorted Out
The effort to recompile the millions of documents lost in the Sept. 11 attacks has had none of the gravity or heroism associated with the effort to save lives at the decimated site. Maybe that's why the difficulty of the task has been repeatedly underestimated and the process occasionally subject to charges of opportunism.
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Diane Hess
Wall Street Shocked Into Exodus
The securities industry's migration from Wall Street began long before Osama bin Laden's planes brought down the World Trade Center. But the blow was the most serious yet to a financial district already coping with recession and a year-old bear market, filling Wall Street with a heretofore unknown sense of fear and speeding a long-overdue decentralization.
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Scott Moritz
Amid the Smoke, Refilling Wall Street's Data Pipe
Dick Grasso got the credit for Wall Street's Phoenix-like rise from the ashes of 9/11. But quietly playing midwife to this rebirth were the phone workers who labored to restore the NYSE's telecommunications lifeline. Verizon team boss Carl Russo shares lessons from Lower Manhattan's longest week.
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Kenneth Li
Bankrupt Ricochet Rises Like a Phoenix After Sept. 11
Ricochet is a rarity. It wasn't a survivor of the attacks, it was revived by them. The high-speed wireless data service was declared dead a month before Sept. 11 only to get new life in cities scared into looking for backup communications.
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TSC Staff
As the Terrible Events Unfolded
In last year's terrorist strike, TheStreet.com lost one of its most popular columnists, friends, sources, and for several days, our Wall Street office. But we did not lose the desire to tell the story of the Street. We did some extraordinary work after the attacks, not the least of which was that we continued to publish. Click here to see a collection of stories from that day and week.



If Sept. 11 never happened, would the stock market look different today? On the one-year anniversary of the cataclysmic event that reshaped many aspects of American life, the surprising answer appears to be no, with few exceptions.

TheStreet.com has revisited the industries that were expected to be most directly affected by terror. One year later, despite psychic wounds that have yet to heal and stock market gyrations in the months after Sept. 11, it seems that terror failed to fundamentally alter industry landscapes. Instead, it mainly accelerated trends that already were firmly in place.

In the defense industry, the knee-jerk response was to buy up sector names -- and the knee-jerks were right. However, as Odette Galli reports in "Battle Against Terror Boosts Defense Sector," this trend already had taken hold as part of the "Bush Effect" months earlier. And post-Sept. 11, some of the biggest beneficiaries weren't the usual suspects.

The security-software industry was another sector with raised expectations in the initial days after Sept. 11, when the term "cyber-terrorism" entered the headlines. But while security moved up on the radar screen of chief information officers, it was overshadowed by a bigger problem, the virtual freeze in business spending on technology, as Ronna Abramson reports in "Security Software Gets Mind Share, but Not Sales."

Likewise, the storage sector was touted as a possible strong performer after Sept. 11. But again, the halt in information-technology spending and increase in competition proved crippling, as K.C. Swanson writes in her story, "Disaster Recovery Needs Didn't Stop Storage's Slide."

Another false ray of light was the "terror portfolio" that garnered attention post-Sept. 11, as Tim Arango reports in his piece, "Stock Market's Terror Trend Plays Out Predictably." Stocks of companies with plans for face recognition technology, food irradiation gear and bomb detection devices ran up, only to crash. The fad sector has the dubious distinction of being the only post-Sept. 11 bubble -- inflating and bursting within 12 months.

The airline industry, of course, was devastated. But as Eric Gillin reports in "Airline Woes Preceded Sept. 11, and Still Remain," the terrorism wasn't the genesis of the sector's crisis. It merely sped up its process -- and it is speeding up a much-needed industry overhaul.

In the lodging sector, the Sept. 11 attacks are cited as a major reason for the precipitous decline in demand. But the events may have been only the catalyst for bullish investors to see the real erosion in hotel fundamentals, as Chris Edmonds reports in "Lodging Woes Linger in Troubled Times."