Getting our priorities right?
"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.