Question about Financial Markets?

[Superdoopercooper]

I honestly do not mean to detract from the seriousness and severity of the events that have unfolded yesterday. However, as a stock market nut (I generally lose more than I win... but oh well), i have the following question... it is more retorical than anything, I guess:

Do the people involved with these attacks short the world stock markets before carrying out such aggregious acts, knowing darn well that the markets will tank? That would be a totally ultra-loser move on their parts, on so many differnent levels.

Think... the Hang Seng and Tokyo Stock Exchange lost between 7-9%. European and South American Markets lost about the same. I assume thursday that the American market is going to take a pounding.

Just a question.... any thoughts?

BTW: terrorism is suck. terrorist are suck. KFC & FRY's are not suck.

 

[iamwiz82]

the SE will take a beating for awhile, but the fail safes in place shoudl stop it from dropping dangerously. They will just keep on shutting down the market til it stops tanking.

Its interesting to think that maybe whoever was responsible did do it, economic warfare of an unheard kind.

 

[Haircut]

The London Stock Exchange had the worst single day losses in the last 14 years yesterday, but is actually up today.
I don't know what other stock markets are like, but London is the biggest market currently trading so I would imagine most exchanges are following similar patterns.
I would not think there will be much change until Wall Street reopens, but this will probably drag everything down.

 

[dman]

If this is a sole attack, we have a good chance at quick recovery. OTOH, If we take a while to find out who's responsible and get attacked again, then I'd say forget about your money in the market. Just a hunch.