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The Stock Market hasn't noticed Katrina.

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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-02-05 06:40 PM
Original message
The Stock Market hasn't noticed Katrina.
This seems almost surreal to me. A major port city is destroyed, millions are homeless and thousands dead, and the barometer of commerce and dreams hardly hiccups. :shrug:
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htuttle Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-02-05 06:41 PM
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1. They were busy clapping real loud, so that Tinkerbell didn't die
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ret5hd Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-02-05 06:44 PM
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2. the SM is dvorced from reality...
inflation. housing bubble, katrina, under/unemployment, industrial inventory/demand, ...

i, personally, am doing what i can (damn little) to prepare for a hard crash.
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PDittie Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-02-05 06:44 PM
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3. There's a good reason the NYSE can't see her.
Katrina happens to be an African-American single mother, with three children, struggling at the poverty level.

Those have always been invisible to them.
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phantom power Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-02-05 06:45 PM
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4. The stock market hasn't noticed record unemployment either.
Or the rising oil prices. I fear the day when it does.
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BlueJac Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-02-05 06:46 PM
Original message
NYSE is thinking...
durable goods
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SmokingJacket Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-02-05 06:46 PM
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5. Hey, high gas prices are GOOD for them!
More profit! Plus, think of all the money people are wringing out of their wallets to go to Home Depot, etc, to rebuild. BUYING OPPORTUNITY!
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