Madrid Al Qaeda Terrorist Attack Effects Trading

Discussion in 'Politics' started by gamalruach, Mar 11, 2004.

  1. Does the al-Qaeda terrorist attack in Madrid effect trading?

    The US stock markets are crashing.

    With additional promises from al-Qaeda that the USA (New York?) is next, by using their "Winds of Black Death," the USD is bound to have a huge sell off in the currency market as soon as traders/investors recover from their shock - mm... starting next week probably.

    Do you think these events effect traders/investors?

    If so, what is the best trade to make now to keep from getting killed in the markets OR in commuter trains?

    "There are characteristics of each. You have multiple attacks, multiple explosions in different locations in a short period of time which is very al-Qaeda-ish," said one U.S. official, who declined to be identified. <-- Do you think this was President Bush who said that?

  2. Bush, in exchange for anybody else?
  3. Well, apparently al-Qaeda will time their USA strike around the time of election, seeings that Bush has made himself al-Qaeda public enemy number one - that is the most logical time for them to strike the US.

    In light of that, anyone other than Bush would probably be a good candidate for president.

    Maybe Hillary Clinton? Maybe Arnold Schwarzenegger? Maybe Clint Eastwood? Maybe Hulk Hogan?

    Homer Simpson?

    Or, a more equal replacement for Bush, Mickey Mouse.

  4. Ditch


    I wonder when the invisible hand will show up again.
  5. Don't know about you, but in my case? ... Probably after I haven't jerked off for a week.
  6. al queda is a fictitious monster.....the enemy is within, and I advise everyone to buy gold coins, and keep their passports up to date.....this country is OVER.
  7. really light AH trading now in stock index futures

    lke nobody wants to be in anything big just in case

    also ... perhaps nobody feels like trading after such

    an emotional and draining last 12 -24 hrs
  8. Dow Closes Down 169 on Madrid Bombings

    AP Headlines

    Terror Blasts Kill at Least 192 in Spain

    Dow Closes Down 169 on Madrid Bombings
    (reprinted by permission)

    By MEG RICHARDS, AP Business Writer

    NEW YORK — Edgy investors sent stocks skidding Thursday as a string of bombings in Madrid overshadowed mostly good economic news and bullish forecasts from several companies. The Dow Jones industrial average nosedived nearly 170 points, giving the blue chips their biggest four-day drop in nearly 18 months.

    The Dow sank 168.51, or 1.6 percent, to 10,128.38, leaving it down 3.1 percent for the year. So far this week, the Dow has lost 467.17, giving the index its largest four-day point tumble since early October 2002, when it slid 515.95. The broader market also fell sharply. The Nasdaq composite index lost 20.26, or 1 percent, to 1,943.89, leaving it down nearly 3 percent for the year. The Standard & Poor's 500 index slumped 17.11, or 1.5 percent, to 1,106.78, down 0.5 percent for 2004.

    It was also the Dow's biggest two-day point drop since the end of January 2003, when it fell 379.91, or 4.54 percent.

    All three indexes were at their lowest points since December.

    The Spanish government initially blamed Basque separatists for the worst terrorist strike in the nation's history. But police later found a van with detonators and an audiotape of Quranic verses near the site, and a London-based Arabic newspaper said it had received a claim of responsibility in the name of al-Qaida. The late-day development caused U.S. markets to shudder.

    "This has been quite a day," said Michael J. Cuggino, president and manager of the Permanent Portfolio Fund. "This is why you need to be exposed to a lot of different asset classes that can protect you from the different scenarios that come up in a volatile global political climate."

    The possible link between al-Qaida and the blasts in Spain reawakened fears of terrorism on Wall Street. The attacks further rattled investors who already had been selling for three weeks amid uncertainty about the job market and the strength of the economic recovery.

    More than 190 people were killed and 1,200 others were injured when 10 bombs went off along a rail line at the height of morning rush hour in Madrid. With the country's general election just days away, Spanish officials initially blamed the Basque separatist group ETA, but the evidence found in the truck and the claim reported in London made the situation more murky.

    Beyond the terrorism concerns, the market's own dynamics were causing worry among analysts. Usually solid performers were lagging the tech-heavy Nasdaq, which has been the most temperamental gauge in recent months.

    Separately, the Labor Department reported new claims for unemployment benefits dropped last week by a seasonally adjusted 6,000 to 341,000, beating forecasts. Although the pace of layoffs is slowing, companies don't seem to be in a hurry to hire new workers, which has troubled economists.

  9. Read this - and then move this stupid thread to "Chit Chat":

  10. Winston



    Do you think these events effect traders/investors?

    If so, what is the best trade to make now to keep from getting killed in the markets OR in commuter trains?


    Bush, in exchange for anybody else?

    #10     Mar 11, 2004