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(Yahoo)   Stocks gain when someone says US has captured Bin Laden - proof that investors really are sheep   (story.news.yahoo.com) divider line 28
    More: Asinine  
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2434 clicks; posted to Main » on 23 May 2002 at 6:06 AM (11 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



28 Comments   (+0 »)
   

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2002-05-23 12:45:19 AM
And proof that the government really is manipulative and desperate, when it needs a PR diversion.
 
2002-05-23 06:12:01 AM
Yeah stupid i-bankers with their useless ivy league MBAs. They dont know crap.
 
2002-05-23 06:14:21 AM
Um, forgive my fiscal ignorance, but exactly what is the causal chain between the alleged capture of a terrorist and the urge to buy stocks?

And should I give a shyte?
 
2002-05-23 06:15:46 AM
Veritas:
None.
No.
 
2002-05-23 06:16:35 AM
Not much connection. Unless you actually think capturing OBL will somehow lessen the threat of terrorism.

And no.
 
2002-05-23 06:17:36 AM
Flamebait:
You're flaming up the wrong tree. There's no one on fark.com with a MBA. Much less a MBA from an ivy league college.
 
2002-05-23 06:21:02 AM
I remember something about Al-Qaeda having invested heavily in certain companies just before the infamous attacks, and making a huge profit off the ensuing hysteria... something involving short-selling stocks and bonds and obligations and other stuff i don't understand... anyone know more about that?
 
2002-05-23 06:21:34 AM
There's a difference between traders and investors.
 
2002-05-23 06:33:32 AM
i prefer having that stock broker monkey pick my trades...

or is there a difference?
 
2002-05-23 06:43:55 AM
Thankyou guys for those suitably succinct answers. *L*

But I still don't understand why the threat of terrorism will threaten the value of market shares.
 
2002-05-23 06:55:54 AM
Because terrorism is a global concept and people have no idea as to where whomever may hit up next....i suppose they don't wan't to get caught in the next 9/11 and have what happened to the airlines happen to them.
 
2002-05-23 07:02:48 AM
Osama Bin Laden is a figment of George Bush's advisor's imaginations...

George Bush is a figment of his advisor's imaginations

The whole world is manipulated by shadowy imaginings
 
2002-05-23 07:14:35 AM
When Princess Di was killed I joked to a mate: "I should buy shares in Interflora now"

I didn't.

I should have.

Still kicking myself.
 
2002-05-23 08:05:37 AM
Unperturbed.
You probably want to be careful after Merrill analysts were busted for basically being used car salesmen and pushing whatever they had on the shelves. Merrill will pay a $100 million fine and they are seeking criminal indictments against the analysts. Having your broker pick for you may - or may not be a good idea.
 
2002-05-23 08:07:10 AM
I like this posting, in its entirety:

Veritas:
None.
No.

Indeed, there is no veritas. None.
 
2002-05-23 08:07:53 AM
"but exactly what is the causal chain between the alleged capture of a terrorist and the urge to buy stocks?"

If terrorists hit the US again, those affected markets will drop like a stone, unlike what happened to the airlines on 9/11. However, it's pretty weak to think capturing Osama will stop terrorist activity. He's an Arafat; it doesn't matter if he's dead or alive, terrorist groups beyond his control won't give up.
 
2002-05-23 08:08:56 AM
Sorry, 'like what happened'... It's too early to think straight.
 
2002-05-23 08:22:23 AM
They really need to shift the world economy from running on confidence to running off fear - would make for a lot of rich bankers.
 
2002-05-23 08:43:06 AM
After two days of "warnings" the stock market was taking a beating. So, a "rumor" at the end of the trading day suddenly appeared and it boosted stocks before it could be discounted.

I mean...come on. Am I paranoid or does this just reek to high heaven? The adminstration admits that these warnings were the result of no new information and were designed to deflect criticism of the way they were handling information (which still has not been addressed: the same intelligence architecture that gave rise to the bumbling of pre-Sept11 is unchanged and with no proposals on the table). The market reacts negatively. And suddenly a rumor, from nowhere, appears.

WTF?
 
2002-05-23 09:37:04 AM
That's obvious. It's sickening when stock brokers jump on any tip. (pun intended)

And Day traders are the worst!!!! "OOOH OOH! I'm all maxed out on my credit cards and 3 mortgages on my house... INTEL went up 1/8th of a point... TIME TO SELL AND REAP THE PROFITS!!!!"
 
2002-05-23 09:37:36 AM
the rumor of Bin Laden's capture was in the morning, not the afternoon. Big difference.
 
2002-05-23 03:16:18 PM
Billyblazer:
Right on dude.It is well known that the stock market is very fickle and can rise and fall on events and rumors of events. I am certain it is well know to the person or persons who disseminated the rumor. Isn't it convenient that the rumor wasn't dispelled until after the stock market closed for the day?
 
2002-05-23 10:22:39 PM
If terrorists hit the US again, those affected markets will drop like a stone, unlike what happened to the airlines on 9/11. However, it's pretty weak to think capturing Osama will stop terrorist activity. He's an Arafat; it doesn't matter if he's dead or alive, terrorist groups beyond his control won't give up.

Bind Laden is nothing like Arafat. Arafat leads terrorists who strap explosives to their bodies and run into supermarkets. All this requires is a willing person and some explosives. A relatively inexpensive operation and an activity that requires little central leadership. Arafat is expendable.

Bin Laden is trying to run an independent (now) terrorist organization that relies on massive amounts of funding for complex operations the likes of which the world has never seen. If Bin Laden is captured or killed it would be a HUGE blow to Al Qaeda and it's possible they could cease to exist. They might be able to survive under the leadership of Al Zawahiri, but other than that there aren't many people alive who could continue to run Al Qaeda should Bin Laden die. Capturing/killing him would be a severe blow to the massive terrorist operations Al Qaeda plans.

You might not ever be able to stop a explosive strapped bomber, but you can stop organizations like Al Qaeda from existing.
 
2002-05-24 04:32:15 AM
I agree,



 
2002-05-30 11:03:04 AM
test
TT>test
 
2002-05-30 11:03:35 AM
test
test
 
2002-05-30 11:04:15 AM
test
test


sweet, this is the improved one with liquid tight seal
 
2002-05-30 11:05:41 AM
Test
 
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