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To: tarpit

A quote from the research paper appears below. I wonder if this idiot was trying to manipulate the markets.

The impact of the 9/11 event immediately after the attacks; financial markets reacted around the world spreading uncertainty about the near future. All the stock markets showed a fall during trading day; many of them took months to recover; the average recovery period was recorded as 76 days; Quickest was 9 days by Slovean stock exchange where as Shanghai composite index could not recover the whole year however US equity recovered in 30 days (Cespedes and Christoher, 2003). Tzachi (2003) conducted a study to find the impact of political events on stock market of Israel. The study explored the relationship between stock prices and the political news; the purpose of the paper was to learn how Israeli stock market responds to changes in Israel political environment and especially events related to peace. Thus, the role of political events in explaining stock market variation is not only through their impact on future variables such as cash-flows, but is also through their effect on the degree of uncertainty in the stock market. This uncertainty may or may not translate into changes in future variables such as earnings or aggregate output, but it certainly has a discernible effect on current prices


18 posted on 05/04/2010 4:20:10 AM PDT by tarpit
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To: tarpit
If this terrorist act was designed to manipulate world markets; knowledgable players BET BIG on the play.

SEC Examiners, where are you on this??

43 posted on 05/04/2010 5:55:10 AM PDT by Broker (Stranger in a very strange land.)
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