Stock Market Vs. Terrorism

GuvamintCheese

I just heard that our market briefly hit an all time high. Is there a betterterrorism deterent? Did the USA (dow jones) just proove that if "you knock us down, we'll get back up", to all who wish to attack us?

ElMuertoMonkey

It's because that the threat of war with Iran has receded that the markets are back up.

Stocks don't do well in times of uncertainty or war. Metals do, but stocks generally don't.

I think our greatest deterrent against terrorism are our guns, our porn, and our alcohol. I'm not being snide or sarcastic - it's the truth. Nowhere else on Earth are all three so readily accessible without a massive crime proble to accompany it.

GuvamintCheese

quote:Originally posted by ElMuertoMonkey
It's because that the threat of war with Iran has receded that the markets are back up.

Stocks don't do well in times of uncertainty or war. Metals do, but stocks generally don't.

I think our greatest deterrent against terrorism are our guns, our porn, and our alcohol. I'm not being snide or sarcastic - it's the truth. Nowhere else on Earth are all three so readily accessible without a massive crime proble to accompany it.

You say "markets are back up". Hey, its an all time high!!! Give it it's due. They hit us hard with those planes, right in the financial district. This rebound speaks volumes.

ElMuertoMonkey

Why would I be angry and what in my statement made you think I was angry or upset?

Fact is markets took a dip, however small they might have been, when Israel and Hezbollah took shots at each other and now they're back up. It's how investors typically react to war. Just stating a fact and adding my two cents.

I don't think investors are the best deterrent to terrorism, I think our way of life is... and I don't think there's anything to be angry about there.[;)]

dlrjj

Don't forget to factor in the current end of the real estate bubble. There is at least 120 billion of money that is not going in to the housing market at the current time that has headed for the stock market, and that has given the market a major boost. Lower oil prices have not only saved people money, they have raised the Consumer Confidence Index beyond expectations. The Fed. refusal to increase interest rates during the last meeting was a major boost also. Many factors to mix together, just like a recipe for cake.[:)]

kristov

You say "markets are back up". Hey, its an all time high!!! Give it it's due. They hit us hard with those planes, right in the financial district. This rebound speaks volumes.

It only shows what happens when a group of idiots selects the targets: The Pentagon and two very tall office buildings in New York. Crash those same three planes (plus the fourth which never made it to it's target) into four major oil refineries (I can name them but I won't) and you'll bring the nations economy to it's knees for at least one year and cause economic distress for another five. By a stroke of luck, fanatics are nearly always bumblers and while the cowardly attack was quite sensational, it's economic damage was minor when compared to what might have happened if someone with half a brain were calling the shots.