Wikinvest Wire
Sunday, May 01, 2011
Osama Dead
There is a muted reaction in the futures market on Osama's death. My guess is defense stocks get hit and that most other US stocks would go up a lot. If they go up an awful lot then a little selling would probably make sense but for now they are not up a lot, at least not as much as you might think.
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3 comments:
Maybe the market has discounted such happening, given the upsurge in 2011.
jEFF FROM mILAN, iTALY
Just because bin Laden is dead, doesn't mean the threat is over, there are others who will take over.
Good news of course, but were the deaths of so many innocent Afghan and Pakistani civilians worth it? It was the meddling of foreign powers that created Al Qaeda in the first place. Maybe we can learn a lesson and stop being so imperialistic, but I guess not. Our politicians will carry on working in the interests of the rich and powerful.
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