RUMOR ON WALLSTREET: Bin Laden Captured

KOH-AM 780 ^ | 8-20-03 | John Sanchez

[Atlas Sneezed]

Our local financial reporter just attributed today's stock market gains to a rumor sweeping Wall Street that Osama Bin Laden has just been captured.

ONLY A RUMOR! (But you heard it here first.)

[NYpeanut]

I'll bump for a good rumor any day.

[Camachee]

Buy on rumor, sell on news.

[jrawk]

HEY!

I told you not to post that!!!!









;)

-- lates
-- jrawk

[umgud]

Is the market going to go up or down? Answer; Yes.

[mhking]

Uh....right.

[Iowa Granny]

thanx for the headsup

[1Old Pro]

It wouldn't be the first time this rumor has circulated. Those Wall Streeters sure are pranksters.

[DAPFE8900]

OH YES and he was with Elvis and Hitler...Flying to the middle earth!

[thoughtomator]

Rumors are easy, facts are hard.

[MindBender26]

Ess awl durty rotten yanqui kalitalist proighandah. Hi hem nut captured!



:~)

[Maigrey]

Do I need to get some Dr. Pepper and pop some Popcorn and jump in the shower?

[mewzilla]

Well, a rumor is an ugly sink and I sink it's about time that ve had vun!

[Coop]

Well, that explains the sudden jump of the Dow around 11:00. Hey, whatever it takes to raise the value of my 301K. (which until recently was a 201K) :-)

[reagan_fanatic]

How do you capture rotting flesh and cruched bones?

[Thane_Banquo]

Stock market rumors are usually false.

[KarlInOhio]

Osama Bin Laden has not been captured. In fact, he is in the US preparing to pull the "Big Switch" again to shut down power to the whole nets of infidel dogs this time. < /baghdad bob>

[ladtx]

From Yahoo:

11:30AM: Although intelligence of yesterday's bombings incited only a muted reaction from the market, the rumor of Bin Laden's capture has lifted all of the major averages within reach of their respective session highs and the Nasdaq and the S&P 500 to their best levels of the morning... As a result, the oil services, banking, transportation, utility, retail, biotech, disk drive, networking, and computer hardware sectors, some of which had previously been in negative territory, are finding themselves above the watermark... The S&P 500 and the Nasdaq are currently right below the unchanged line...

[Dog Gone]

U.S. stocks pare losses on bin Laden rumor
Wed August 20, 2003 11:51 AM ET
(Updates to include bin Laden rumor, comment by U.S. official)

By Vivian Chu

NEW YORK, Aug 20 (Reuters) - U.S. stocks pared losses in late morning on Wednesday, driven higher on rumors that U.S. forces had captured al Qaeda leader Osama bin Laden.

However, a U.S. official who asked not to be identified told Reuters it was "absolutely not true" that bin Laden had been captured.

The Dow Jones industrial average .DJI was off 10.48 points, or 0.12 percent, at 9,417.44, cutting its losses from early morning. The broader Standard & Poor's 500 Index .SPX rose 0.39 point, or 0.04 percent, at 1002.72. The technology-laced Nasdaq Composite Index .IXIC rose 1.65 points or 0.09 percent, to 1,762.70.

"I think the market was improving on a rumor that we caught bin Laden again, which makes it like an even 25 times that we have caught him so far," said Craig Cummings, a partner at Cantor Fitzgerald, noting the rumor has spread through market several times this year.

Trading on the New York Stock Exchange was light, which may have exaggerated the effects of the rumor on the market, traders said.

[Thane_Banquo]

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