riskadverse
Full time employment: Posting here.
- Joined
- Oct 21, 2002
- Messages
- 717
Does anyone find the aftermath of Katrina and the behavior of the stock market to be at odds? I can't help thinking this is not going to end well.
I agree. Betting on lower markets ahead. Sitting on cash and oil stocks waiting for the bell to ring. They do ring a bell at the low don't they?riskaverse said:Does anyone find the aftermath of Katrina and the behavior of the stock market to be at odds? I can't help thinking this is not going to end well.
JPatrick said:I agree. Betting on lower markets ahead. Sitting on cash and oil stocks waiting for the bell to ring. They do ring a bell at the low don't they?
justin said:The market behavior doesn't seem that strange. Most of the losses are insured against, and through reinsurance, the risk is held at a national and international level.
With all the damage comes a surge in cleanup ($) and reconstruction ($$).
brewer12345 said:I find the whole thing perplexing. The companes that will benefit from reconstroction (FRK, for one) are way up, as are any of the refiners and E&P guys who didn't get completely crushed in the gulf. However, $3.50 a gallon gas is a disaster for the "real" economy if it lasts more than a few weeks. I think we are in for a long, expensive winter, and if that is the case you can kiss the Xmas season goodbye for all but the highest end retailers.
retire@40 said:All I know about the market is that nobody is saying there is a bubble in equities, and most people are predicting sideways movement for a while. That's good enough for me to keep buying.
DanTien said:Retire - in 45 years of following the market, I've seen it take a dump whenever it wanted bubble or not, its unpredicability fascinates me...
Martha said:Yes! This is what bugs me about investing.
brewer12345 said:That's the tough part of being an investor in volatile assets: some days, it is your turn in the barrel.
Apocalypse . . .um . . .SOON said:... Hummm! Maybe JG should take some of that money he has made from credit card borrowing, send it to the NRA so that they can send guns to NO to pass out to citizens, then someone will shoot those dang shooters who have interupted rescue operations....
Apocalypse . . .um . . .SOON said:I just read that evacuation from the Superdome has stopped because shots were fired at rescue helicopters. Hummm! Maybe JG should take some of that money he has made from credit card borrowing, send it to the NRA so that they can send guns to NO to pass out to citizens, then someone will shoot those dang shooters who have interupted rescue operations. Humm! Maybe not.
--Greg
[/quote
NOLA has a high crime rate, and really, high everything else bad rate. No doubt they have 1000's and 1000's of people who are parole violators or have warrants on them for past deeds. Then there's the 1000's who should be in that category, but have not been ID'ed yet. With society functioning in a normal mode the opportunity to offend is perhaps at 20 on a scale of 1 to 100. Take away the constraints and the opportunity pops to 80, 90, 100??
Given the same disaster circumstances, this sad situation could and probably would unfold in many of our major cities. Increased taxes for more prisons anyone??
Apocalypse . . .um . . .SOON said:Stock question: I'm thinking corn here. Lots of product coming down the Mississipi by barge and then shipped out of NO. Just spent some time looking for a barge company to short. No shipping facilities in NO, no product leaves, no barges get used up river. (Maybe I should be positive and buy a railroad stock.) Help. Anyone know of a barge/frieght company that might . . . help me pay for $4 gas?
--Greg