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Thursday, July 07, 2005 

Getting our priorities right?

The Freedom Institute note:

"Thursday, July 07, 2005

Markets largely unaffected

After an initial large drop, no doubt attributable to uncertainty as the situation developed, markets have stabilized at a modest loss:

"One hedge fund manager speaking anonymously said, "It's hard to see how this is going to be a big deal for the US in the longer term. I think it's going to be a blip on the market's radar screen."

In late morning trade the Dow Jones Industrial Average and the Nasdaq Composite were both down 0.7 per cent at 10,194.80 and 2,053.61, respectively. The S&P 500 index fell 0.7 per cent to 1,185.37." [FT, unlinked]

posted by Richard Waghorne at 6:37 PM"

p.s. one further point for the FI folks: it's "suicide bomber".

UPDATE: in response to comments to this post, I acknowledge that it's not just the FI who are giving consideration to the stock-market effects. But when this has become the rather callous norm, it shows badly on the state of Western society.

"Libel"-Richard Waghorne
"Attack blog"-Damien Mulley

About me

  • An early-thirties male Irish technologist living and working in Dublin, I'm a former (recovering) member of both Fianna Fáil and the Roman Catholic Church.

    I'm not a member of any political party these days, but my opinions can be broadly categorised as 'lefty' and republican. I am also a former member of the Irish Defence Forces.

    Please feel free to check out the FI Fie Foe Fum group blog, where I was once a regular contributor, and the Cedar Lounge Revolution, where I can usually be found in the comments.

    (This blog and its contents reflect only my own personal opinions as a private citizen, and not those of any other person or organisation.)



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