Strange Markets Reactions To London's Attack

[Braccobaldo]

...ok..shortly after the London's attack all markets was down more than 3%...and it was quite normal....

..but shortly after al-qaeda blame itself for the blasts all indexes, including US futures was able to regain some losses, about 1% gain

...curious, isn'it???

Looks like same....ok, we know them...kind of tolerance....or what else??

[samran]

I'm in London and near canry wharf. Markets aren't probably going crazy cause there is probably thin trading. Most workers are going home, cause they'll need a couple of hours to get there. Most transport is closed.

You have to understand the mentality of this country. It was Blitzed during WWII, and then it was an IRA target for many years. People are taking note of it, but are taking it in their stride and going about their business if they can. People are going for jogs, eating in cafes...and spending money.

As well, it is amazing to see that the city is incredibly well prepared for this eventuality. Things promise to get back to normal very quickly.

Edited July 7, 2005 by samran

[dereklev]

I'm in London and near canry wharf. Markets aren't probably going crazy cause there is probably thin trading. Most workers are going home, cause they'll need a couple of hours to get there. Most transport is closed.

You have to understand the mentality of this country. It was Blitzed during WWII,  and then it was an IRA target for many years. People are taking note of it, but are taking it in their stride and going about their business if they can. People are going for jogs, eating in cafes...and spending money.

As well, it is amazing to see that the city is incredibly well prepared for this eventuality. Things promise to get back to normal very quickly.

As you rightly say Samran over the years Londoners are used to this kind of attack.

My office is in the same building as the London Emergency Response Unit and since 9/11 they have been planning for an event like this.

So yes London is well prepared and things will get back to normal quickly.

[OldAsiaHand]

It seems to me the response in New York was very rational, which is after all what we are supposed to believe markets will usually be. After a brief period of digesting the event, the market concluded that its commercial impact was negligible and brushed it off. Who can argue with that?

[Harmonica]

...ok..shortly after the London's attack all markets was down more than 3%...and it was quite normal....

..but shortly after al-qaeda blame itself for the blasts all indexes, including US futures was able to regain some losses, about 1% gain

...curious, isn'it???

Looks like same....ok, we know them...kind of tolerance....or what else??

Quite simply, the attacks failed! That is why the Dow Jones and Nasdaq recovered so quickly! Gold shot up like a rocket instantly, finally surrendering her gains and finished only 55 cents higher than the previous day!

It did not occur in the US. Core psyche therefore relatively unaffected.

England is only a lieutenant, at best. So is the rest of Europe. They are allies but America can withstand a large number of blows to these elements on the outer reaches of her psyche.

What causes America dire psychological problems are attacks on her own soil, attacks that are too close to that core inner psyche.

England has been thru' worse stuff before and will certainly get past this one too.

If this is the best Al Queda can do, and I don't believe it is, <deleted> 'em -- any LA gang is more dangerous!

They'll be back, but America is ready & waiting! My money is on America to win long-term!

[The_Eye_Of_Sauron]

This topic totally stinks the place out.

And King Yankee Doodle Stinky Stinkmeister - who was insulting the UK in the Independence Day topic, is once again showing us how to make a 'small fortune'.....

...start with a large fortune and heed his 'investment recommendations'

[~G~]

Perceived as a one-time incident, this will have little effect on the markets. However I am afraid more such incidents might follow.

[h90]

I fully disagree with "England is only a lieutenant, at best. So is the rest of Europe. They are allies but". Yes for UK, but Germany, Austria, France are not allies with USA. The population is very critic about USA and its wars and braking international war.

...ok..shortly after the London's attack all markets was down more than 3%...and it was quite normal....

..but shortly after al-qaeda blame itself for the blasts all indexes, including US futures was able to regain some losses, about 1% gain

...curious, isn'it???

Looks like same....ok, we know them...kind of tolerance....or what else??

<{POST_SNAPBACK}>

Quite simply, the attacks failed! That is why the Dow Jones and Nasdaq recovered so quickly! Gold shot up like a rocket instantly, finally surrendering her gains and finished only 55 cents higher than the previous day!

It did not occur in the US. Core psyche therefore relatively unaffected.

England is only a lieutenant, at best. So is the rest of Europe. They are allies but America can withstand a large number of blows to these elements on the outer reaches of her psyche.

What causes America dire psychological problems are attacks on her own soil, attacks that are too close to that core inner psyche.

England has been thru' worse stuff before and will certainly get past this one too.

If this is the best Al Queda can do, and I don't believe it is, &lt;deleted&gt; 'em -- any LA gang is more dangerous!

They'll be back, but America is ready & waiting! My money is on America to win long-term!

<{POST_SNAPBACK}>

[Harmonica]

This topic totally stinks the place out.

And King Yankee Doodle Stinky Stinkmeister - who was insulting the UK in the Independence Day topic, is once again showing us how to make a 'small fortune'.....

...start with a large fortune and heed his 'investment recommendations'

Your avatar looks like a golden p*ssy to me -- you my dear will be spared! Go in peace!