Note to self

[davywavy]

Stock market diary entry:

September 8th 2004. - Sell entire portfolio

September 11th 2004. - Buy back at substantial discount.

Bloody market jitters.

Comments

[raggedhalo.livejournal.com]

But it'll come back, of course, sometime tomorrow and over the next week as people go "oh, I haven't been blown up."

And, as the whole market's being depressed, surely it's only the loss of potential that's the problem..?

[ex-boog351.livejournal.com]

Given that nothing has really happened to change underlying values, all that's happened has been a transfer of wealth from those who got the jitters to those who took the risk.

Speaking of immoral earnings - the Pentagon's idea of a terrorist trading market has to be the best one yet. It was withdrawn rather quickly after Congress was not at all impressed

[raggedhalo.livejournal.com]

Oh, the thing that was effectively betting on when terrorist action would occur? That was kinda cool, in a O_o kinda way...

[ex-boog351.livejournal.com]

I think it would have worked as a futures market - the idea was to use the expertise of the market to predict the next likely terrorist attacks. In spite of itself there is a macabre logic to it - people can be quite inventive at times - and by showing the terrorists they know what the likely targets are it forces them to add to their risk or go for lower-profile targets. It may end up though, with Kleinwort Benson betting heavily on an attack on the HQ of Deutsche Bank.

[raggedhalo.livejournal.com]

I can see the logic, despite it seeming kinda horrible.

It just also seemed vulnerable to infiltration, and therefore a source of intelligence for terrorists.

Although we all know the "war on terror" has just been a means for Colin Powell to get his Star Wars budget by a back door...